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WPG (TSE:3702) Reports Its Consolidated Sales and Operating Profit of Third Quarter, Both set Single Quarter Record High; EPS was NT$0.84 and NT$2.14 for Third Quarter and YTD Respectively.

 2012-11-08

WPG (TSE:3702) Reports Its Consolidated Sales and Operating Profitof ThirdQuarter, Both set Single Quarter Record High; EPS was NT$0.84 and NT$2.14for Third Quarter and YTD Respectively.

 

2012/11/08

 

Benefited from expansion of emerging markets such as China and South Asia combined with growing shipments of smartphone and tablet, WPG, the largest distributor of semiconductor components in Asia, announced its thirdquarter consolidated sales of NT$98.3billion and operatingprofit reached NT$1.868billion, both set single quarter record. Operating margin was 1.9%, reachedhigh side of thirdquarter’s 1.7%~1.9% guidance. Unaudited net income of third quarter was NT$1.372billion and NT$0.84 per share. Consolidated sales of first three quarters was NT$270.1billion, net income was NT$3.518 billion and NT$2.14per share.

 

The profit growth has been delivered by domestic demand of emerging markets. Contribution of 3C products such as mid to low end smartphone, tablet, wireless broadband, Ultrabook, NB and STB were continued growing. Non-3C segments’ contribution such as automobile, medical and industrial electronicsremained healthy. Return on Working Capital (ROWC) and ROE was 12.3% and 14.7% respectively.

 

Management guidesthe total sales of fourthquarter 2012 will be between NT$88billion and NT$ 93billion, with the grossmargin in the range of 4.95%~5.15% and the average operating margin is 1.6%~1.8%.

 

In the 3rdquarterof 2012, around 57application solutions were provided in the fields of consumer automotive (6), Industrial (8), consumer (29), computer / peripheral (6)and cell phone / communication (8),focusing on applications of automotive sensor, smart grid, cloud server, wireless communication module, e-wallet, STB, Tablet 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 September30, 2012. (in brief)

Units:NT$ million

 

Income Statement (2012/1/1~2012/9/30)

 

Balance Sheet (2012/9/30)

Item

Amount

 

Item

Amount

Net Sales

270,145

 

Current Assets

112,670

Cost of Goods Sold

(256,284)

 

Accounts receivables

61,042

Gross Profit

13,861

 

Inventory

36,636

Operating Expenses

(8,992)

 

Other assets

13,146

Operating Profit

4,869

 

Total Assets

125,816

Non-op Expenses

(473)

 

Current Liabilities

83,123

Profit Before Tax

4,396

 

Accounts payables

37,034

Tax

(886)

 

LT Liabilities

4,523

Minority & Others

8

 

Total Liabilities

88,222

Profit After tax

3,518

 

Common Stock

16,557

EPS (Note)

2.14

 

Stockholders Equity

37,594

Net book value per share(Note)

22.88

 

Note:Based on weighted average outstanding shares.

 

Cash flows (2012/1/1~2012/9/30)

Item

Amount

Net Income

3,510

Change inNWC

(7,452)

Operating cash inflow /(outflow)

(3,523)

Investment cash inflow /(outflow)

(538)

Change in Financial Debt

10,404

Cash Dividend

(4,305)

Financing cash inflow /(outflow)

6,077

Cumulative translation adjustments

(110)

Effect on changes of consolidated subsidiaries

(1,154)

Net Cash

752

Beginning cash balance

7,786

Ending cash balance

8,538

 

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