Semiconductor Distributor - WPG (TSE:3702) Announces First Half Consolidated Management Financial Result: EPS of NT$1.43 per share, a 94% YoY increase
2007-08-01
Semiconductor Distributor - WPG (TSE:3702) Announces First Half Consolidated Management Financial Result: EPS of NT$1.43 per share, a 94% YoY increase
Announcement Date：2007/08/01
Taipei, Taiwan
For the sales continued growth of handset-related, consumer electronic components in China market and incoming hot season of NB, WPG, the largest distributor of semiconductor components in Asia, announces Q2?7 consolidated sales of NT$33.2 billion, historical quarterly record high, a 18% MoM increase and a 23%YoY increase respectively. For the operating income growth and improvement of earning and assets quality, first half EPS is NT$1.43, largely surpassing NT$0.74 YoY. Consolidated management financial performance includes: profit after tax of NT$967 million (approximately US$29.3 million); Net value per share was NT$17.56.
Return on Working Capital (ROWC), key financial performance index, is surpassing the original target, 15.28%, due to the profit growth and operating cash demand decrease. Operating cash cycle days improved 9 days to 68 days.
Note: Net Working Capital = Accounts receivables + Inventory ?accounts payables
Table 1 WPG Holdings first half of Year 2007 Consolidated Management Financials (in brief)
Units：NT$ million
Income Statement Balance Sheet
(2007/1/1~2007/6/30) (2007/6/30)
Item Amount ItemAmount
Net Sales 61,179 Current Assets 40,223
Cost of Goods Sold (57,444) Accounts receivables20,689
Gross Profit 3,735 Inventory 14,066
Operating Expenses (2,130) Funds & LT Investment 875
Operating Profit 1,605 Fixed Assets 1,509
Non-op Expenses (342) Total Assets 42,938
Profit Before Tax 1,263 Current Liabilities25,169
Tax (255) Accounts payables10,730
Minority & Others(41) LT Liabilities 5,010
Profit After tax967 Total Liabilities30,421
EPS (Note) 1.43 Common Stock 7,130
Net book value Stockholders Equity12,517
per share(Note) 17.56
Note ：Based on common share number as at 30 June, 2007.
Cash flows (2007/1/1~2007/6/30)
Item Amount
Net Income 1,008
Changes of NWC (3,227)
Adjustment & Others 614
Operating cash inflow (1,605)
Financial Instrument 464
Capital Expenditure (38)
Others (151)
Investment cash inflow 275
Financial Debt 1,812
Others 58
Financing cash outflow (17)
Net Cash 1,853
Beginning cash balance 523
Ending cash balance 2,846
IR contacts：Cliff Yuan/ Cynthia Lee：(02) 2706-8268 ext.5268 / 5258 or (02)2788-5200 ext. 5118 / 5504
Email address: ir@WPGholdings.com
Corporate website: www.WPGholdings.com
Announcement Date：2007/08/01
Taipei, Taiwan
For the sales continued growth of handset-related, consumer electronic components in China market and incoming hot season of NB, WPG, the largest distributor of semiconductor components in Asia, announces Q2?7 consolidated sales of NT$33.2 billion, historical quarterly record high, a 18% MoM increase and a 23%YoY increase respectively. For the operating income growth and improvement of earning and assets quality, first half EPS is NT$1.43, largely surpassing NT$0.74 YoY. Consolidated management financial performance includes: profit after tax of NT$967 million (approximately US$29.3 million); Net value per share was NT$17.56.
Return on Working Capital (ROWC), key financial performance index, is surpassing the original target, 15.28%, due to the profit growth and operating cash demand decrease. Operating cash cycle days improved 9 days to 68 days.
Note: Net Working Capital = Accounts receivables + Inventory ?accounts payables
Table 1 WPG Holdings first half of Year 2007 Consolidated Management Financials (in brief)
Units：NT$ million
Income Statement Balance Sheet
(2007/1/1~2007/6/30) (2007/6/30)
Item Amount ItemAmount
Net Sales 61,179 Current Assets 40,223
Cost of Goods Sold (57,444) Accounts receivables20,689
Gross Profit 3,735 Inventory 14,066
Operating Expenses (2,130) Funds & LT Investment 875
Operating Profit 1,605 Fixed Assets 1,509
Non-op Expenses (342) Total Assets 42,938
Profit Before Tax 1,263 Current Liabilities25,169
Tax (255) Accounts payables10,730
Minority & Others(41) LT Liabilities 5,010
Profit After tax967 Total Liabilities30,421
EPS (Note) 1.43 Common Stock 7,130
Net book value Stockholders Equity12,517
per share(Note) 17.56
Note ：Based on common share number as at 30 June, 2007.
Cash flows (2007/1/1~2007/6/30)
Item Amount
Net Income 1,008
Changes of NWC (3,227)
Adjustment & Others 614
Operating cash inflow (1,605)
Financial Instrument 464
Capital Expenditure (38)
Others (151)
Investment cash inflow 275
Financial Debt 1,812
Others 58
Financing cash outflow (17)
Net Cash 1,853
Beginning cash balance 523
Ending cash balance 2,846
IR contacts：Cliff Yuan/ Cynthia Lee：(02) 2706-8268 ext.5268 / 5258 or (02)2788-5200 ext. 5118 / 5504
Email address: ir@WPGholdings.com
Corporate website: www.WPGholdings.com