GlobalWafers Announces Third Quarter Financial Results Q3 EPS of NT$7.64, Cumulated EPS of NT$24.67 Record High in Cumulated Revenue, Net Income and EPS

Hsinchu, Taiwan, November 7, 2019 – GlobalWafers Co., Ltd. (GWC) board approved Q3 2019 earnings results today with the consolidated revenue of NT$14.30 billion, gross profit of NT$5.4 billion, operating profit of NT$4.17 billion, net income attributable to the parent company of NT$3.32 billion, and EPS amounts to NT$7.64! Operating margin was 29.2%, net profit margin was 23.3% of the third quarter ended September 30, 2019. 

Regarding year-to-date financial results, GWC achieved accumulated consolidated revenues of NT$44.58 billion, year-over-year 2.6% increase, also with gross profit NT17.68 billion, year-over-year 8.6% increase, operating profit NT$14.04 billion, an increase of 9.9% year-on-year, net income attributed to parent company NT$10.73 billion, an increase of 8.3% year-on-year. Accumulated EPS amounted to NT$24.67! Up by NT$2.01! In the first three quarters in 2019, GWC hit all time high in revenue, net income and EPS!

With stable profitability, the Board also approves dividend distribution amendment to Articles of Incorporation so as to change the frequency of earning distribution or loss coverage from one year to every six months. Cash distribution shall be approved by the Board then distribute; if the distribution is new share issuance, it shall be approved by the shareholders’ meeting then distribute. GlobalWafers dedicates to be in line with international practices, dividend payout in every 6 months is steady income stream for shareholders, beneficial for reinvest and flexible use of funds, helping shareholders to maximize their financial assets. With superior performance and sufficient free cash flow, GWC fulfills its commitment to share the constant growth with shareholders. In additional to the expanding business, high payout ratio policy in conjunction with a robust track record of profits deliver substantial earnings for shareholders.

In view of the global semiconductor market of the fourth quarter, customer’s inventory level is gradually improved; however, uncertainties remain due to trade tension and political instability. As technology innovations advance in end consumer products like AI and high performance computing along with the accelerating 5G rollout, it is believed to stimulate demands for high quality wafers.

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