Semiconductor Distributor - WPG (TSE:3702) Announces the first half of year 2006 Consolidated Management Financial Result :
2006-07-26
Semiconductor Distributor - WPG (TSE:3702) Announces the first half of year 2006 Consolidated Management Financial Result :
After Tax EPS of TW$ 0.73 per share, a 43% YoY increase
Announcement Date：2006/07/26
Taipei, Taiwan
WPG, the largest distributor of semiconductor components in Asia, by improving asset management, strengthening sales promotion and upgrading profit quality, announces after tax EPS of TW$ 0.73 for the first half of Year 2006 (see table 1), a robust YoY growth (43%). 2Q after tax EPS significantly grew by 20% YoY and 35% QoQ to TW$0.42.
Consolidated management financials performance for 1H06 includes: profit after tax of TW$506 million (approximately US$15.69 million) on sales of TW$54.5 billion (approximately US$ 1.69 billion). 5.82% gross profit margin, improving from 5.38% of 1H05 and 5.41% of 1Q06. Operating profit of TW$1.173 billion (approximately US$ 36.37 million), a 24.33% YoY increase. Operating profit margin 2.15%. Net value per share TW$16.67.
Table 1 WPG Holdings 1H Year 2006 Consolidated Management Financials (condensed)
Units：TWD000
Income Statement (2006/1/1~2006/6/30)
Item Amount
Net Sales 54,518,451
Cost of 51,346,713
Gross Profit 3,171,738
Operating Expenses (1,998,324)
Operating Profit 1,173,414
Non-operating Expenses (369,826)
Profit Before Tax 803,588
Tax (293,787)
Minority & Others 3,951
Profit After tax 505,850
EPS(Note) 0.73
Units：TWD000
Balance Sheet (2006/6/30)
Item Amount
Current Assets 35,180,297
AR 15,609,4953
Inventory 14,058,613
Funds & LT Investment 1,116,998
Fixed Assets 1,595,294
Other Assets 290,780
Total Assets 38,183,369
Current Liabilities 20,513,075
Account Payables 10,695,868
Long term Liabilities5,396,778
Other Liability 719,608
Total Liabilities 26,629,461
Common Stock 6,932,020
Stockholders?Equity 11,553,908
Note：Based on common share number as at 30Jun06
IR contacts：Cliff Yuan/ Rita Chen：(02) 2706-8268 ext.5276 / 5275 ir@WPGholdings.com
Corporate website: www.WPGholdings.com
After Tax EPS of TW$ 0.73 per share, a 43% YoY increase
Announcement Date：2006/07/26
Taipei, Taiwan
WPG, the largest distributor of semiconductor components in Asia, by improving asset management, strengthening sales promotion and upgrading profit quality, announces after tax EPS of TW$ 0.73 for the first half of Year 2006 (see table 1), a robust YoY growth (43%). 2Q after tax EPS significantly grew by 20% YoY and 35% QoQ to TW$0.42.
Consolidated management financials performance for 1H06 includes: profit after tax of TW$506 million (approximately US$15.69 million) on sales of TW$54.5 billion (approximately US$ 1.69 billion). 5.82% gross profit margin, improving from 5.38% of 1H05 and 5.41% of 1Q06. Operating profit of TW$1.173 billion (approximately US$ 36.37 million), a 24.33% YoY increase. Operating profit margin 2.15%. Net value per share TW$16.67.
Table 1 WPG Holdings 1H Year 2006 Consolidated Management Financials (condensed)
Units：TWD000
Income Statement (2006/1/1~2006/6/30)
Item Amount
Net Sales 54,518,451
Cost of 51,346,713
Gross Profit 3,171,738
Operating Expenses (1,998,324)
Operating Profit 1,173,414
Non-operating Expenses (369,826)
Profit Before Tax 803,588
Tax (293,787)
Minority & Others 3,951
Profit After tax 505,850
EPS(Note) 0.73
Units：TWD000
Balance Sheet (2006/6/30)
Item Amount
Current Assets 35,180,297
AR 15,609,4953
Inventory 14,058,613
Funds & LT Investment 1,116,998
Fixed Assets 1,595,294
Other Assets 290,780
Total Assets 38,183,369
Current Liabilities 20,513,075
Account Payables 10,695,868
Long term Liabilities5,396,778
Other Liability 719,608
Total Liabilities 26,629,461
Common Stock 6,932,020
Stockholders?Equity 11,553,908
Note：Based on common share number as at 30Jun06
IR contacts：Cliff Yuan/ Rita Chen：(02) 2706-8268 ext.5276 / 5275 ir@WPGholdings.com
Corporate website: www.WPGholdings.com