Semiconductor Distributor - WPG (TSE:3702) Announces 1Q year 2006 Consolidated Management Financial Result : EPS of TW$ 0.31 per share, an 121% YoY increase and a 288% QoQ increase
2006-04-27
Semiconductor Distributor - WPG (TSE:3702) Announces 1Q year 2006 Consolidated Management Financial Result : EPS of TW$ 0.31 per share, an 121% YoY increase and a 288% QoQ increase
Announcement Date：2006/4/26
Taipei, Taiwan
WPG, the largest distributor of semiconductor components in Asia, executing aggressive asset quality improvement, strengthened sales promotion and operational effectiveness upgrades in last year, announces EPS of TW$ 0.31 (see table 1), largely surpassing TW$ 0.14 of 1Q Year 2005 and TW$ 0.08 of 4Q Year 2005 (after adding inventory provision of TW$271 million back). Consolidated management financials performance includes: profit after tax of TW$217 million (approximately US$6.71 million), an 132% YoY increase; sales of TW$278 million (approximately US$ 8.6 million), a 16% YoY increase despite a weaker result as compared with TW$335 million (approximately US$10.47 million) of 4Q Year 2005; 5.25% gross profit margin, improving from 5.05% of 1Q Year 2006 and 4.78% of 4Q Year 2005. Operating profit of TW$471 million (approximately US$ 14.57 million), a 14% YoY increase and a 6.7% QoQ increase. Net value per share was TW$16.55.
Table 1 WPG Holdings 1Q Year 2006 Consolidated Management Financials (in brief)
Units：TWD000
Income Statement Balance Sheet
(2006/1/1~2006/3/31) (2006/3/31)
Item Amount Item Amount
Net Sales 27,798,283 Current Assets36,941,039
Cost of Goods Sold 26,339,992 Funds & LT Investment 1,110,302
Gross Profit 1,458,291 Fixed Assets 1,663,657
Operating Expenses (987,388) Other Assets 477,371
Operating Profit 470,903 Total Assets40,192,368
Non-op Expenses (168,995) Current Liabilities22,446,114
Profit Before Tax 301,908 LT Liabilities 5,371,793
Tax 89,569 Other Liabilities 904,392
Minority & Others 4,384 Total Liabilities28,722,299
Profit After tax 216,723 Common Stock6,932,020
EPS(Note 3) 0.31 Stockholders?Equity11,470,069
Note 3：Based on common share number as at 31Mar06
IR contacts：Cliff Yuan/ Rita Chen：(02) 2706-8268 ext.5276 / 5275 ir@WPGholdings.com
Corporate website: www.WPGholdings.com
Announcement Date：2006/4/26
Taipei, Taiwan
WPG, the largest distributor of semiconductor components in Asia, executing aggressive asset quality improvement, strengthened sales promotion and operational effectiveness upgrades in last year, announces EPS of TW$ 0.31 (see table 1), largely surpassing TW$ 0.14 of 1Q Year 2005 and TW$ 0.08 of 4Q Year 2005 (after adding inventory provision of TW$271 million back). Consolidated management financials performance includes: profit after tax of TW$217 million (approximately US$6.71 million), an 132% YoY increase; sales of TW$278 million (approximately US$ 8.6 million), a 16% YoY increase despite a weaker result as compared with TW$335 million (approximately US$10.47 million) of 4Q Year 2005; 5.25% gross profit margin, improving from 5.05% of 1Q Year 2006 and 4.78% of 4Q Year 2005. Operating profit of TW$471 million (approximately US$ 14.57 million), a 14% YoY increase and a 6.7% QoQ increase. Net value per share was TW$16.55.
Table 1 WPG Holdings 1Q Year 2006 Consolidated Management Financials (in brief)
Units：TWD000
Income Statement Balance Sheet
(2006/1/1~2006/3/31) (2006/3/31)
Item Amount Item Amount
Net Sales 27,798,283 Current Assets36,941,039
Cost of Goods Sold 26,339,992 Funds & LT Investment 1,110,302
Gross Profit 1,458,291 Fixed Assets 1,663,657
Operating Expenses (987,388) Other Assets 477,371
Operating Profit 470,903 Total Assets40,192,368
Non-op Expenses (168,995) Current Liabilities22,446,114
Profit Before Tax 301,908 LT Liabilities 5,371,793
Tax 89,569 Other Liabilities 904,392
Minority & Others 4,384 Total Liabilities28,722,299
Profit After tax 216,723 Common Stock6,932,020
EPS(Note 3) 0.31 Stockholders?Equity11,470,069
Note 3：Based on common share number as at 31Mar06
IR contacts：Cliff Yuan/ Rita Chen：(02) 2706-8268 ext.5276 / 5275 ir@WPGholdings.com
Corporate website: www.WPGholdings.com