News Center

WPG (TSE:3702) Announced First Quarter PAT EPS of NT$0.58

 2012-05-04

WPG (TSE:3702) Announced First Quarter PAT EPS of NT$0.58.

Taipei, Taiwan                                                   

2012/05/04

 

Benefited from expansion of emerging markets such as China, India and Indonesia, and synergy of its M&A, WPG, the largest distributor of semiconductor components in Asia, announced its first quarterconsolidatedsales reachedNT$80.9billion, exceeded high side of the first quarter’s NT$75~79 billion guidance. Operating margin reached 1.58%, near high side of 1.4%~1.6% expectation. Unaudited net income of first quarterwas NT$939 million and NT$0.58 per share on a diluted basis. AECO, our new group member, also contributed to above mentioned figures.

 

The growth has been delivered by strong domestic demand from emerging market, downstream customers were stocking up components aggressively for launching new products and our continuouseffort in product mix optimization. Revenue contribution of mid to low end smartphone/iPhone/iPad and wireless broadband continued increasing. Other 3C products such as Ultrabook, Tablet PC, NB, STB and Non-3C segments such as automobile, industrial electronics are continued growing. Return on Working Capital (ROWC) and ROE was 9.6% and10.1%respectively.

 

Management guidesthe total sales of secondquarter 2012 will be between NT$90billion and NT$ 94billion, with the grossmargin in the range of 5.1%~5.3% and the average operating margin is 1.6%~1.8%.

 

In the 1stquarter2012, around 26application solutions were provided in the fields of consumer electronics (14)and cell phone / communication (12),focusing on applications of STB, multimedia box, wireless receiver and smart phone.(For more information please visit WPG Tech on-line, http://www.wpgholdings.com/wpgtechonline.php).”

 

 

Table: WPG Holdings Consolidated Management Financials for the quarter ended March31, 2012. (in brief)

Units:NT$ million

 

Income Statement (2012/1/1~2012/3/31)

Item

Amount

Net Sales

80,897

Cost of Goods Sold

(76,729)

Gross Profit

4,169

Operating Expenses

(2,892)

Operating Profit

1,276

Non-op Expenses

(169)

Profit Before Tax

1,108

Tax

(177)

Minority & Others

9

Profit After tax

939

EPS (Note)

0.58

Net book value per share(Note)

24.59

Note:Based on weighted average outstanding shares.

 

 

Balance Sheet (2012/3/31)

Item

Amount

Current Assets

105,339

Accounts receivables

51,752

Inventory

36,590

Other assets

12,246

Total Assets

117,584

Current Liabilities

72,453

Accounts payables

33,961

LT Liabilities

4,276

Total Liabilities

77,305

Common Stock

16,557

Stockholders Equity

40,280

 

Cash flows (2012/1/1~2012/3/31)

 

 

 

Cash flows (2012/1/1~2012/3/31)

Item

Amount

Net Income

930

Changes of NWC

325

Operating cash inflow /(outflow)

1,325

Investment cash inflow /(outflow)

(646)

Financial Debt

(64)

Financing cash inflow /(outflow)

(41)

Cumulative translation adjustments

398

Foreign Exchange

(651)

Net Cash

385

Beginning cash balance

7,786

Ending cash balance

8,171

 

 

 

IRcontacts:Cliff Yuan/ Kathryn Chen / Zoe Peng

Tel:886-2-7712-5268 / 886-2-7712-5278 / 886-2-7712-5262

Email address: ir@WPGholdings.com

Corporate website: www.WPGholdings.com