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.
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.
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)
Income Statement (2012/1/1~2012/9/30)
Balance Sheet (2012/9/30)
Cost of Goods Sold
Profit Before Tax
Minority & Others
Profit After tax
Net book value per share(Note)
Note：Based on weighted average outstanding shares.
Cash flows (2012/1/1~2012/9/30)
Operating cash inflow /(outflow)
Investment cash inflow /(outflow)
Change in Financial Debt
Financing cash inflow /(outflow)
Cumulative translation adjustments
Effect on changes of consolidated subsidiaries
Beginning cash balance
Ending cash balance
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