WT Microelectronics (3036 TT) held the Investor Conference today to update the unaudited financial results of the first quarter of 2019 and business outlook. Consolidated revenue for the first quarter of 2019 was NT$67.5bn, up 36% year on year. Operating profit was NT$1,022mn. Net profit was NT$385mn. Weighted average EPS was NT$0.67.
For the outlook of the second quarter of 2019, revenue is expected to be between NT$71bn to NT$75bn, up 5% to 11% quarter on quarter and 33% to 41% year on year, gross profit margin to be between 3.45% to 3.65%, and operating profit margin to be 1.6% to 1.8%. After two-quarter inventory adjustment, all applications should resume sequential growth in the second quarter of 2019. Industrial will lead the growth, followed by Automotive, Computing, Consumer, and Communication.
For the outlook of the year of 2019, global economies and supply chain have some uncertainty. WT Microelectronics will continue to improve operation efficiency, optimize operation management system, enhance financial control, and strengthen human resource management, in order to deepen the capability of value added service in the semiconductor supply chain and improve overall operation scale and efficiency.