WPG attend investor conference held by KGI SECURITIES on May 27th, 2020
2020-05-27
1.Date of occurrence of the event:2020/05/27
2.Company name:WPG Holdings Limited
3.Relationship to the Company (please enter ”head office” or
”subsidiaries”):head office
4.Reciprocal shareholding ratios:NA
5.Cause of occurrence:NA
6.Countermeasures:NA
7.Any other matters that need to be specified:
The digital platform and smart warehouse solution for smart business
logistics service implemented by WPG Holdings Ltd., the distributor of
semiconductor components in Asia Pacific, are gradually showing positive
impacts. Benefited from strong shipments of 5G related components, memory
price increase, and demand of laptop, communication components, server and
due to work-from-home and distance education policy, WPG announces 2020 first
quarter consolidated sales of NT$131.045 billion, YoY 17.2%. Operating income
was NT$2.191 billion. Contributed by interest costs decrease and FX gain, net
income reached NT$1.659 billion, representing 27.2% double-digit growth year
over year. EPS was NT$0.99.
2020 first quarter key financial indicators: Return on Working Capital (ROWC)
and Return on Equity (ROE) were 7.4% and 10.3% respectively.