Ultrachip Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 30, 2020 at 10:00 pm
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UltraChip Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 258.913 million compared to TWD 274.826 million a year ago. Operating income was TWD 16.549 million compared to TWD 20.134 million a year ago. Net income was TWD 17.010 million compared to TWD 15.655 million a year ago. Basic earnings per share was TWD 0.27 compared to TWD 0.25 a year ago. For the half year, sales was TWD 542.137 million compared to TWD 600.882 million a year ago. Operating income was TWD 40.538 million compared to TWD 50.940 million a year ago. Net income was TWD 33.302 million compared to TWD 43.945 million a year ago. Basic earnings per share was TWD 0.53 compared to TWD 0.7 a year ago. Diluted earnings per share was TWD 0.52 compared to TWD 0.69 a year ago.
Ultra Chip, Inc. is a Taiwan-based company primarily engaged in the research, development, design, manufacture and distribution of driver integrated circuit (ICs). The Companyâs main products portfolio consists of liquid crystal display (LCD) driver ICs, which are applied in the automobile navigation, driving recorders and others; touch panel controller ICs, which are mainly used in smart phones, tablet personal computers (PCs), handheld game consoles and others; electrophoretic display (EPD) ICs, as well as motor controller ICs. The Company distributes its products within domestic market and to overseas markets.