WPG attend investor conference held by KGI SECURITIES on November 3rd, 2015
2015-11-03
1.Date of occurrence of the event:2015/11/03
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.Name of the reporting media:N/A
6.Content of the report:N/A
7.Cause of occurrence:N/A
8.Countermeasures:N/A
9.Any other matters that need to be specified:
Benefited from growing shipments of mobile phone, communication-related
components, and automotives, WPG, the semiconductor components in Asia,
announced Its third quarter consolidated sales reached NT$140.469 billion,
over the expectation. Under effective expense control, operating expenses
to sales ratio declined continuously to 2.38%, operating income of third
quarter reached NT$2.342 billion, represented a 11.7% increase year over
year, operating margin was 1.67%, in line with expectations. Net income
reached NT$1.615 billion, represented a 39.1% increase year over year, EPS
was NT$0.98 per share for the third quarter. YTD consolidated sales and net
income was NT$372.935 billion and NT$4.173 billion respectively. EPS was
NT$2.52 per share.
The profit growth has been delivered by continued growing demand of 4G and
3G mid to high-end smart phone, wireless broadband, and cloud servers. Non-
3C segments' contribution such as automotives and industrial electronics
remained healthy. Key financial @indices: Return on Working Capital (ROWC)
and ROE was 9.6% and 14.1% respectively. Average collection periods days
decreased to 61 days.
Management guides the total sales of fourth quarter 2015 will be between
NT$129 billion and NT$135 billion, with the gross margin in the range of
3.95%~4.1% and the operating margin between 1.4%~1.6%.