MediaTek's third-quarter net profit was NT $31.085 billion, an increase of 9.6% over the same period last year.

According to CTOnews.com news on October 28, MediaTek, a major mobile chip maker, announced its results in the third quarter. MediaTek's consolidated revenue in the third quarter was 142.161 billion New Taiwan dollars, a decrease of 8.7 percent from the previous quarter, an increase of 8.4 percent over the same period last year, and a cumulative performance of 440.601 billion New Taiwan dollars in the first three quarters, an increase of 20.7 percent over the same period last year.

MediaTek's net profit in the third quarter was NT $31.085 billion, down 12.7% from a month earlier, an increase of 9.6% over the same period last year, and net profit per share was NT $19.54.

CTOnews.com learned that affected by the weak market demand for consumer electronics, smartphones, PC and other factors, MediaTek had previously revised down its performance growth this year from the original estimate of 20% to between 17% and 19%, while the full-year gross profit margin forecast remained between 48% and 50%.