Semiconductor Distributor - WPG (TSE:3702) Announces Consolidated diluted EPS of NT$2.74 , an 81% YoY increase, for the third quarter ended September 30, 2007.
2007-11-01
Semiconductor Distributor - WPG (TSE:3702) Announces Consolidated diluted EPS of NT$2.74 , an 81% YoY increase, for the third quarter ended September 30, 2007.
Announcement Date：2007/11/01
Taipei, Taiwan
Based on the continued growth of handset-related, consumer electronic component sales in the China market and the upcoming hot season for the NB market, WPG, (the largest distributor of semiconductor components in Asia,) announces Q3?7 consolidated sales of NT$42.2 billion, a historical quarterly record high, representing a 26% QoQ increase and a 29% YoY increase respectively. For the operating income growth and improvements in earning and asset quality, diluted EPS achieved NT$2.74 versus NT$1.52 on YoY basis. Consolidated management financial performance includes Profit after tax of NT$1,882 million (approximately US$57.05 million) while Net value per share was NT$19.63.
Return on Working Capital (ROWC), a key financial performance index, has surpassed the original target of 21.72%, due to profit growth and operating cash requirement decreases. ROE is 26.66%. Operating cash cycle days improved by 10 days to 60 days while Inventory turnover days dropped to 38 days, or less than 1.5 month.
Table WPG Holdings Consolidated Management Financials for the third quarter ended September 30, 2007. (in brief)
Units：NT$ million
Income Statement(2007/1/1~2007/9/30) Balance Sheet (2007/9/30)
Item Amount Item Amount
Net Sales 103,691 Current Assets 45,999
Cost of Goods Sold (97,463) Accounts receivables 25,008
Gross Profit 6,228 Inventory 14,635
Operating Expenses (3,301) Funds & LT Investment 714
Operating Profit 2,927 Fixed Assets 1,404
Non-op Expenses (503) Total Assets 48,457
Profit Before Tax 2,424 Current Liabilities 30,083
Tax (484) Accounts payables 14,931
Minority & Others (58) LT Liabilities 4,630
Profit After tax 1,882 Total Liabilities 34,985
EPS (Note) 2.74 Common Stock 7,164
Net book value per share(Note)19.63 Stockholders Equity 13,472
Note ：Based on weighted average outstanding shares.
Cash flows (2007/1/1~2007/9/30)
Item Amount
Net Income 1,939
Changes of NWC (3,914)
Adjustment & Others (50)
Operating cash inflow (2,025)
Financial Instrument (201)
Capital Expenditure (39)
Others 6
Investment cash inflow(234)
Financial Debt 3,386
Cash dividends &
employees?bonus(816)
Others 153
Financing cash outflow 43
Net Cash 2,766
Beginning cash balance 507
Ending cash balance 2,845
IR contacts：Cliff Yuan/ Cynthia Lee：886-2-7712-5268 / 886-2-7712-5258 or (02)2788-5200 ext. 5118 / 5504
Email address: ir@WPGholdings.com
Corporate website: www.WPGholdings.com
Announcement Date：2007/11/01
Taipei, Taiwan
Based on the continued growth of handset-related, consumer electronic component sales in the China market and the upcoming hot season for the NB market, WPG, (the largest distributor of semiconductor components in Asia,) announces Q3?7 consolidated sales of NT$42.2 billion, a historical quarterly record high, representing a 26% QoQ increase and a 29% YoY increase respectively. For the operating income growth and improvements in earning and asset quality, diluted EPS achieved NT$2.74 versus NT$1.52 on YoY basis. Consolidated management financial performance includes Profit after tax of NT$1,882 million (approximately US$57.05 million) while Net value per share was NT$19.63.
Return on Working Capital (ROWC), a key financial performance index, has surpassed the original target of 21.72%, due to profit growth and operating cash requirement decreases. ROE is 26.66%. Operating cash cycle days improved by 10 days to 60 days while Inventory turnover days dropped to 38 days, or less than 1.5 month.
Table WPG Holdings Consolidated Management Financials for the third quarter ended September 30, 2007. (in brief)
Units：NT$ million
Income Statement(2007/1/1~2007/9/30) Balance Sheet (2007/9/30)
Item Amount Item Amount
Net Sales 103,691 Current Assets 45,999
Cost of Goods Sold (97,463) Accounts receivables 25,008
Gross Profit 6,228 Inventory 14,635
Operating Expenses (3,301) Funds & LT Investment 714
Operating Profit 2,927 Fixed Assets 1,404
Non-op Expenses (503) Total Assets 48,457
Profit Before Tax 2,424 Current Liabilities 30,083
Tax (484) Accounts payables 14,931
Minority & Others (58) LT Liabilities 4,630
Profit After tax 1,882 Total Liabilities 34,985
EPS (Note) 2.74 Common Stock 7,164
Net book value per share(Note)19.63 Stockholders Equity 13,472
Note ：Based on weighted average outstanding shares.
Cash flows (2007/1/1~2007/9/30)
Item Amount
Net Income 1,939
Changes of NWC (3,914)
Adjustment & Others (50)
Operating cash inflow (2,025)
Financial Instrument (201)
Capital Expenditure (39)
Others 6
Investment cash inflow(234)
Financial Debt 3,386
Cash dividends &
employees?bonus(816)
Others 153
Financing cash outflow 43
Net Cash 2,766
Beginning cash balance 507
Ending cash balance 2,845
IR contacts：Cliff Yuan/ Cynthia Lee：886-2-7712-5268 / 886-2-7712-5258 or (02)2788-5200 ext. 5118 / 5504
Email address: ir@WPGholdings.com
Corporate website: www.WPGholdings.com