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By Kosaku Narioka
MediaTek Inc.'s second-quarter net profit rose 12% from a year earlier thanks to higher revenue and margin.The Taiwanese fabless semiconductor company said Friday that net profit rose to 7.20 billion New Taiwan dollars (US$245.7 million) from NT$6.43 billion.Net income including noncontrolling interests was NT$7.31 billion, beating the estimate of NT$6.81 billion by a FactSet poll of analysts.Revenue increased 9.8% to NT$67.60 billion, mainly due to greater demand for 5G smartphones. The company also said its operating income margin improved to 11% from 10% a year earlier. Write to Kosaku Narioka at kosaku.narioka@wsj.com The Link Lonk
July 31, 2020 at 06:10PM
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MediaTek : Second-Quarter Net Profit Rose 12% on Higher Revenue, Margin - Marketscreener.com
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