Hsinchu, Taiwan, November 7, 2017 – GWC today announced financial results for the third quarter ended September 30, 2017. Consolidated revenue was NT$11.9 billion, a 6.9% increase from NT$11.2 billion in the previous quarter and a significant increase of 180.8% from NT$4.3 billion in the same period last year. Gross profit was NT$3.15 billion, a 14.2% increase from Q2 and 202.5% year over year. Operating profit was NT$2.1 billion, a 23.7% increase from Q2 and 280.7% year over year. Net income attributed to parent company came to NT$1.65 billion, an increase of 27.8% from Q2 and 346.5% year over year. Earnings per share after tax for Q3 were NT$3.78. The company hit a record high both in revenue and profit for Q3.
GWC consolidated financial results as of Q3 2017: year over year, accumulated consolidated revenues totaled NT$33.76 billion, an increase of 185.8% from NT$11.82 billion. Gross profit was NT$8.03 billion, an increase of 174.2% from NT$2.93 billion. Operating profit was NT$4.88 billion, an increase of 200.7% from NT$1.62 billion. Net income attributed to parent company was NT$3.29 billion, an increase of 197% from NT$1.1 billion. Earnings per share was NT$8.06, a significant increase of NT$5.06 from NT$3.
Benefitting from the booming markets for automotive electronics, memory devices, 3D NAND and Internet of Things, GWC management expects strong demand for silicon wafers will continue over 2018 and, with 3”~12” production lines fully loaded all the way to 2019, the company sees beyond the level to maintain its profitable position in the future.