April 27, 2018 / 8:03 AM / in 3 months

BRIEF-Mediatek Says Q1 Net Income Down 59.9 Percent Y/Y

April 27 (Reuters) - MediaTek Inc:

* SAYS Q1 CONSOLIDATED NET INCOME OF T$2.660 BILLION ($89.79 million)

* SAYS 1Q CONSOLIDATED GROSS MARGIN OF 38.4 PERCENT, UP 1 PERCENTAGE POINTS FROM PREVIOUS QUARTER

* SAYS Q1 REVENUE WAS T$49.654 BILLION, DOWN 17.8 PERCENT SEQUENTIALLY, AND DOWN 11.5 PERCENT YEAR-OVER-YEAR

* SAYS Q1 NET INCOME DOWN 59.9 PERCENT Y/Y Further company coverage: ($1 = 29.6260 Taiwan dollars) (Reporting by Hong Kong newsroom)

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