Novatek Microelectronics Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 27, 2023 at 05:17 am EDT
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Novatek Microelectronics Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 28,929.96 million compared to TWD 19,563.69 million a year ago. Net income was TWD 6,365.82 million compared to TWD 4,305.08 million a year ago. Basic earnings per share from continuing operations was TWD 10.46 compared to TWD 7.07 a year ago. Diluted earnings per share from continuing operations was TWD 10.45 compared to TWD 7.06 a year ago.
For the nine months, sales was TWD 83,274.87 million compared to TWD 87,536.51 million a year ago. Net income was TWD 17,989.56 million compared to TWD 23,926.74 million a year ago. Basic earnings per share from continuing operations was TWD 29.56 compared to TWD 39.32 a year ago. Diluted earnings per share from continuing operations was TWD 29.53 compared to TWD 39.22 a year ago.
Novatek Microelectronics Corp is mainly engaged in the manufacture of electronic components, information software services and international trade. The Company's main products include flat-panel display drive wafers and system-on-chip (SOC) wafers. Flat-panel display drive wafers mainly include large-size liquid crystal display (LCD) and active matrix organic light-emitting diode (AMOLED) panel drive wafers, LCD touch and touch controller and display drive integration (TDDI) and AMOLED drive wafers for mobile phones, and automotive panel drive wafers. SOC wafers include LCD panel timing control wafers, digital TV system control single wafers, LCD monitor control wafers, motion estimation and motion compensation (MEMC) image processing wafers, driving recorders, image sensor wafers for reversing display, security control wafers, image sensor wafers for external computer cameras.