WT Microelectronics (3036 TT) ("WT") held the on-line investor conference today to update the financial results of the second quarter of 2023 and business outlook. Consolidated revenue for the second quarter of 2023 was NT$117.5bn (US$3.83bn approximately), operating profit was NT$2,041mn (US$66.5mn), net profit after tax attributable to owners of the parent was NT$965mn (US$31.4mn approximately), and EPS was NT$0.79 based on weighted average outstanding shares. Consolidated revenue for the first half of 2023 was NT$237.6bn (US$7.78bn approximately), operating profit was NT$4,024mn (US$131.7mn), net profit after tax attributable to owners of the parent was NT$1,688mn (US$55.2mn approximately), and EPS was NT$1.61 based on weighted average outstanding shares.
For the outlook of the third quarter of 2023, based on the exchange rate assumption of one US dollar to 31.1 NT dollar, mid-point consolidated revenue guidance is expected to be NT$145bn (US$4.66bn approximately), up 23% quarter on quarter. Mid-point net profit after tax attributable to owners of the parent guidance is expected to be NT$1,275mn (US$41mn approximately) and mid-point EPS guidance based on weighted average outstanding shares is expected to be NT$1.44.
WT has published the sixth sustainability report, which is for Year of 2022 and English version report will be launched soon. We continues to improve performance in environment, social, and governance aspects. In addition, one independent director has been added and independent director portion increased to 50% on the board this year. WT will continue to pursue outperformed growth and market share expansion and to execute digital optimization to improve operation efficiency. We values corporate sustainability and targets long-term sustainable growth.