Announces WPG consolidated financial results for 2020 Q3
2020-11-16
1.Date of occurrence of the event:2020/11/16
2.Company name:WPG Holdings Limited
3.Relationship to the Company (please enter ”head office” or
”subsidiaries”):head office
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence:Announces WPG consolidated financial results for 2020 Q3
6.Countermeasures:N/A
7.Any other matters that need to be specified:
WPG, the distributor of semiconductor components, announces Third Quarter
consolidated sales, net income, and EPS achieving double-digit growth YoY.
Third Quarter consolidated sales reached NT$169.987 billion, +20.7% YoY.
Third Quarter net income reached NT$2.257 billion, +26.5% YoY. Third Quarter
YTD consolidated sales reached NT$450.842 billion, +18.1% YoY. Third Quarter
YTD consolidated net income reached NT$6.036 billion, +27.9% YoY. Third
Quarter and Third Quarter YTD EPS were NT$1.34 and NT$3.53, respectively.
Traditional peak season inventory fulfillment and continuously increasing
demand for semiconductor sensors are the major causes for the growth in sales
and net income. Reasons behind Increasing demand for semiconductor sensors
include strong mobile phones and communication components demand, accelerated
digital technology development, increased penetration of 5G infrastructures,
as well as corporates' continuous investment in hardware/software in order to
expand distance business applications for improved productivity and
competitiveness. In addition, our customers' increasing demand for
large-scale distributors' supply chain management related added-value
services such as e-commerce, smart warehouse, and logistics, also contributes
to the growth of sales and net income.
2020 Third Quarter key financial indicators: Return on Working Capital (ROWC)
and Return on Equity (ROE) were 10.9% and 14.2%, respectively.