Announces WPG consolidated financial results for the second quarter and forecast for the third quater of 2022
2022-08-09
1.Date of occurrence of the event:2022/08/09
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:N/A
6.Countermeasures:N/A
7.Any other matters that need to be specified:
WPG, the distributor of semiconductor components, announces 2022 Second
Quarter consolidated sales achieved NT$199.056 billion, operating income
achieved NT$3.775 billion. Contributing from Non-operating income, Net
income of NT$2.897 billion with EPS NT$1.49 exceeding high range forecast.
The first half of 2022 consolidated sales, operating income and net income
achieved NT$408.921 billion, +8.4% YoY, NT$7.996 billion, +20.6% YoY and
NT$6.341 billion, +13.1% YoY, respectively. EPS was NT$3.54.
Benefited from profit growth, 2022 Second Quarter key financial indicators
Return on Equity (ROE) was 15.9%, Return on Working Capital (ROWC) was 8.6%.
The overall demand for semiconductor and related electronic components
specifically high-performance computing and cloud hardware device for
laptops, communication components, servers and base stations, and automotive
electronics are the major causes for growth in sales and net income.
For 2022 Third Quarter, based on an exchange rate assumption of NT$29.8 to
the U.S. dollar, WPG forecasts consolidated revenue of NT$180 billion to
NT$190 billion, gross margin of 3.7% to 3.9%, operating margin of 1.75% to
1.95%, net income of NT$2.261 billion to NT$2.647 billion, EPS of NT$1.35
to NT$1.58.