Announces WPG consolidated financial results for the fourth quarter of 2023 and forecast for the first quater of 2024
2024-02-29
1.Date of occurrence of the event:2024/02/29
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 (the information disclosure
also meets the requirements of Article 7, subparagraph 9 of the Securities
and Exchange Act Enforcement Rules, which brings forth a significant impact
on shareholders rights or the price of the securities on public companies.):
WPG announces 2023 Fourth Quarter consolidated sales of NT$183.09
billion, operating income was NT$3.023 billion, +2% QoQ. Under the
one-time recognition for disposal of part of the investment profits, net
income and EPS achieved NT$3.515 billion and NT$2.09, respectively.
2023 Fourth Quarter key financial indicators Return on Equity (ROE) was
17.1%, Return on Working Capital (ROWC) was 8.1%.
The reasons for the above revenue growth is the downstream customers
invest in networking and peripheral equipment and AI server business
gradually grows. In addition, North America and Southeast Asia
customers have put into production driving demand for semiconductor
and related electronic components.
For 2024 First quarter, based on an exchange rate assumption of NT$31
to the U.S. dollar, WPG forecasts consolidated revenue of NT$160 billion
to NT$170 billion, gross margin of 3.7% to 3.9%, operating margin of 1.5%
to 1.7%, net income of NT$0.9 billion to NT$1.21 billion, EPS of NT$0.54
to NT$0.72.