Semiconductor Distributor - WPG (TSE:3702) Announces 1Q~3Q year 2006 Consolidated Management Financial Result : EPS of TW$ 0.82 per share, an 83% YoY increase and an 75% QoQ increase
2006-11-02
Semiconductor Distributor - WPG (TSE:3702) Announces 1Q~3Q year 2006 Consolidated Management Financial Result : EPS of TW$ 0.82 per share, an 83% YoY increase and an 75% QoQ increase
Announcement Date：2006/11/01
Taipei, Taiwan
WPG, the largest distributor of semiconductor components in Asia, executing aggressive asset quality improvement, strengthened sales promotion and operational effectiveness upgrades, announces EPS of NT$ 1.60 (see table 1), largely surpassing TW$ 0.45 of 3Q Year 2005 and TW$ 0.47 of 2Q Year 2006. Financials performance includes: NT$ 32.75 billion for 3rd Quarter consolidated sales(Ytd TW$87.4 billion), +22% QoQ & +10% YoY . Net income, record high to NT$556 million(ytd TW$1,093 million) , +71% QoQ & +79% YoY . 3rdQ EPS at high level at NT$0.82 (ytd EPS NT$1.6), continued profit growth faster than sales. ROWC (Return On Working Capital) at 18.17% improved for 3rd consecutive quarter, adj. operating income increased 42.8% QoQ to NT$929 million, working capital/sales improved from 0.2 to 0.16. Ytd generated NT$4.86 billion operating cash flow. Net value per share was TW$17.69.
For 4Q Year 2006 Guidance, revenues to be between NT$28 billion and NT$30 billion; gross profit margin to reach between 6.0% and 6.2%; operating profit margin to be approximately 2.1~2.4%.
For investor conference presentation file, pls refer to www.WPGholdings.com
Table 1 WPG Holdings 1Q~3Q Year 2006 Consolidated Management Financials (in brief)
Units：TWD000
Income Statement (2006/1/1~2006/9/30)
Item Amount
Net Sales87,394,286
Cost of Goods Sold82,072,830
Gross Profit 5,321,456
Operating Expenses(3,168,553)
Operating Profit 2,152,903
Non-op Expenses (641,122)
Profit Before Tax 1,511,781
Tax (401,512)
Minority & Others (17,146)
Profit After tax 1,093,123
EPS (Note) 1.60
Balance Sheet (2006/9/30)
Item Amount
Current Assets38,197,112
Accounts receivables19,364,472
Inventory13,516,480
Funds & LT Investment 928,304
Fixed Assets 1,417,997
Total Assets40,983,144
Current Liabilities24,397,874
Accounts payables12,429,487
LT Liabilities 3,984,935
Total Liabilities28,720,161
Common Stock 6,932,020
Stockholders Equity12,262,983
Cash Flow(95/1/1~95/9/30)
Item Amount
Net Income 1,113,715
Changes of NWC 3,468,174
Other Op Sources(Uses) 281,860
From Operation 4,863,749
Financial Instrument 542,670
Capital Expenditure (8,725)
Other Investing Sources (Uses) 92,812
From Investment 626,757
Financial Debt(5,301,607)
Treasury Stock (336,666)
Cash Dividends (109,313)
Other Financing Sources(Uses) (43,967)
From Financing(5,791,553)
Net Cash Position Change (301,047)
Exchange Rate Change & Others 46,105
Ending Cash Balance 2,664,053
Note ：Based on common share number as at 30 Sep, 06
IR contacts：Cliff Yuan/ Cynthia Lee：(02) 2706-8268 ext.5276 / 5504 ir@WPGholdings.com
Corporate website: www.WPGholdings.com
Announcement Date：2006/11/01
Taipei, Taiwan
WPG, the largest distributor of semiconductor components in Asia, executing aggressive asset quality improvement, strengthened sales promotion and operational effectiveness upgrades, announces EPS of NT$ 1.60 (see table 1), largely surpassing TW$ 0.45 of 3Q Year 2005 and TW$ 0.47 of 2Q Year 2006. Financials performance includes: NT$ 32.75 billion for 3rd Quarter consolidated sales(Ytd TW$87.4 billion), +22% QoQ & +10% YoY . Net income, record high to NT$556 million(ytd TW$1,093 million) , +71% QoQ & +79% YoY . 3rdQ EPS at high level at NT$0.82 (ytd EPS NT$1.6), continued profit growth faster than sales. ROWC (Return On Working Capital) at 18.17% improved for 3rd consecutive quarter, adj. operating income increased 42.8% QoQ to NT$929 million, working capital/sales improved from 0.2 to 0.16. Ytd generated NT$4.86 billion operating cash flow. Net value per share was TW$17.69.
For 4Q Year 2006 Guidance, revenues to be between NT$28 billion and NT$30 billion; gross profit margin to reach between 6.0% and 6.2%; operating profit margin to be approximately 2.1~2.4%.
For investor conference presentation file, pls refer to www.WPGholdings.com
Table 1 WPG Holdings 1Q~3Q Year 2006 Consolidated Management Financials (in brief)
Units：TWD000
Income Statement (2006/1/1~2006/9/30)
Item Amount
Net Sales87,394,286
Cost of Goods Sold82,072,830
Gross Profit 5,321,456
Operating Expenses(3,168,553)
Operating Profit 2,152,903
Non-op Expenses (641,122)
Profit Before Tax 1,511,781
Tax (401,512)
Minority & Others (17,146)
Profit After tax 1,093,123
EPS (Note) 1.60
Balance Sheet (2006/9/30)
Item Amount
Current Assets38,197,112
Accounts receivables19,364,472
Inventory13,516,480
Funds & LT Investment 928,304
Fixed Assets 1,417,997
Total Assets40,983,144
Current Liabilities24,397,874
Accounts payables12,429,487
LT Liabilities 3,984,935
Total Liabilities28,720,161
Common Stock 6,932,020
Stockholders Equity12,262,983
Cash Flow(95/1/1~95/9/30)
Item Amount
Net Income 1,113,715
Changes of NWC 3,468,174
Other Op Sources(Uses) 281,860
From Operation 4,863,749
Financial Instrument 542,670
Capital Expenditure (8,725)
Other Investing Sources (Uses) 92,812
From Investment 626,757
Financial Debt(5,301,607)
Treasury Stock (336,666)
Cash Dividends (109,313)
Other Financing Sources(Uses) (43,967)
From Financing(5,791,553)
Net Cash Position Change (301,047)
Exchange Rate Change & Others 46,105
Ending Cash Balance 2,664,053
Note ：Based on common share number as at 30 Sep, 06
IR contacts：Cliff Yuan/ Cynthia Lee：(02) 2706-8268 ext.5276 / 5504 ir@WPGholdings.com
Corporate website: www.WPGholdings.com