Announces WPG consolidated financial results for the second quarter and forecast for the third quater of 2018
2018-07-31
1.Date of occurrence of the event:2018/08/01
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:
Benefited from growing shipments of 3C, Internet of Things(IoT), automotives,
Artificial Intelligence(AI), cloud product and passive components, WPG, the
distributor of semiconductor components in Asia, announced Its second quarter
2018 consolidated sales of NT$139.533 billion, represented 8.7% increase over
previous year. With optimizing product portfolios and efficient expense
control, operating expenses to sales ratio was 2.41%, driving operating
income of NT$2.695 billion represented 15.1% increase over previous year.
Contribution from FX gains and gains on disposal of investments, net income
of NT$2.204 billion represented 23.1% increase year over year. EPS was
NT$1.21 per share. YTD consolidated sales was NT$262.944 billion, net income
reaches NT$4.095 billion, represented 12.6% increase over previous year. YTD
EPS was NT$2.24.
Based on the exchange rate assumption of 1 US dollar to 30.5 NT dollars,
management guides the total sales of third quarter 2018 will be between
NT$142 billion and NT$150 billion, with the gross margin in the range of
4.1%~4.3% and the operating margin between 1.85%~1.98%. Forecast of FX gains
and investment income were based on conservatism principle.