WT Microelectronics (3036 TT) ("WT") held the on-line investor conference today to update the financial results of the third quarter of 2023 and business outlook. Unaudited consolidated revenue for the third quarter of 2023 was NT$167.2bn (US$5.3bn approximately), operating profit was NT$2,260mn (US$71mn), net profit after tax attributable to owners of the parent was NT$1,280mn (US$40.2mn approximately), and EPS was NT$1.45 based on weighted average outstanding shares. Consolidated revenue for the first to third quarters of 2023 was NT$404.8bn (US$13.1bn approximately), operating profit was NT$6.28bn (US$202.7mn), net profit after tax attributable to owners of the parent was NT$2.97bn (US$95.4mn approximately), and EPS was NT$3.06 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 32.2 NT dollar, mid-point consolidated revenue guidance is expected to be NT$175bn (US$5.43bn approximately), up 5% quarter on quarter and 11% year on year. Mid-point net profit after tax attributable to owners of the parent guidance is expected to be NT$1,320mn (US$41mn approximately) and mid-point EPS guidance based on weighted average outstanding shares is expected to be NT$1.49.
Consolidated revenue for the year of 2023 (revenue of the first to third quarter plus mid-point revenue guidance of the fourth quarter) is expected to grow 1.5% year on year, which is higher than 10.9% year on year decline of semiconductor market from global professional institution Gartner's forecast. This demonstrates WT's continued outperforming performance compared with market. 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.