Novatek profit hits record amid stay-at-home demandBy Lisa Wang / Staff reporterNovatek Microelectronics Corp (聯詠) on Monday reported a record NT$6.08 billion (US$217.88 million) net profit for last quarter as the work-from-home and remote-schooling trends boosted demand for chips for notebook computers, tablets and gaming monitors. Last quarter’s net profit tripled from NT$2.02 billion a year earlier, Novatek said. On a quarterly basis, net profit expanded 33.63 percent from NT$4.55 billion, it said. Photo: Grace Hung, Taipei TimesEarnings per share (EPS) surged to NT$9.66, compared with NT$3.63 a year earlier and NT$5.99 the previous quarter, it said. Revenue last quarter also surpassed the company’s guidance of NT$25.2 billion to NT$26 billion, expanding 56.13 percent annually and 17.46 percent quarterly to NT$26.37 billion, Novatek said.

Source: Taipei Times April 27, 2021 15:56 UTC