1.Date of occurrence of the event:2018/08/07
2.Company name:WPG Holdings Limited
3.Relationship to the Company (please enter ”head office” or
”subsidiaries”):head office
4.Reciprocal shareholding ratios:NA
5.Cause of occurrence:NA
6.Countermeasures:NA
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 exceed forecast reaches, 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.
The profit growth has been delivered by continued growing demand of smart
phone, computer, wireless broadband, cloud servers, Internet of Things(IoT)
and Artificial Intelligence(AI). Non-3C segments’ contribution such as
automotives, industrial electronics and power saving remained healthy. With
increased profit and improving operating efficiency, key financial indices:
Return on Working Capital (ROWC) and ROE was 9.9% and 17% respectively.