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MediaTek's fourth quarter profit jumped twice-fold benefiting emerging markets

Source: Internet
Author: User
Keywords MediaTek corporate net profit emerging markets
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On the afternoon of February 1, MediaTek announced in Monday that its fourth-quarter net profit rose more than twice-fold from a year earlier, thanks to strong demand for mobile chips in emerging markets. MediaTek said in Monday that its net profit rose from NT $2.88 billion a year earlier to NT $8.75 billion in the fourth quarter of December 31. MediaTek's revenue in the quarter rose from NT $20.65 billion to NT $29.1 billion, an increase of 41%.　　In revenue rankings, MediaTek is Taiwan's biggest chip designer. The 6 analysts who had previously been surveyed by the Dow Jones average predicted that MediaTek would achieve a net profit of NT $9.38 billion in the quarter. (Xiaoran)

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