Semiconductor Distributor - WPG (TSE:3702) Announces Consolidated diluted EPS of NT$0.63, an 9% YoY increase, for the quarter ended March 31, 2008
2008-05-02
Semiconductor Distributor - WPG (TSE:3702) Announces Consolidated diluted EPS of NT$0.63, an 9% YoY increase, for the quarter ended March 31, 2008.
Announcement Date：2008/05/02
Taipei, Taiwan
With the growth of demand in emerging markets, WPG, (the largest distributor of semiconductor components in Asia,) announces consolidated sales of Q1?8 at NT$34.8 billion, representing a 24% YoY increased. For the operating income growth and improvements in earning and asset quality, diluted EPS achieved NT$0.63 versus NT$0.58 on YoY basis. Consolidated management financial performance includes Profit after tax of NT$452 million (approximately US$79.18 million) while Net value per share was NT$19.92. The BOD resolved stock dividend 0.0315 shares per share and cash dividend NT2.15 per share respectively on April 29, 2008.
Return on Working Capital (ROWC), a key financial performance index is 12.74%, due to profit growth and operating cash requirement decreases. ROE is 12.65%. Operating cash cycle days maintained 67 days. The acquisition of Pernas, a leading passive component distributor in Taiwan, was approved by Shareholders?meeting, and will have positive effect in 2H?8.
Table WPG Holdings Consolidated Management Financials for the quarter ended March 31, 2008. (in brief)
Units：NT$ million
Income Statement Balance Sheet
(2008/1/1~2008/3/31) (2008/3/31)
Item AmountItemAmount
Net Sales 34,797Current Assets 4,698
Cost of Goods Sold (32,838) Accounts receivables 20,794
Gross Profit 1,959 Inventory 15,407
Operating Expenses (1,130)Funds & LT Investment 975
Operating Profit 829Fixed Assets 1,476
Non-op Expenses (209)Total Assets 45,612
Profit Before Tax 620Current Liabilities26,696
Tax (148) Accounts payables11,270
Minority & Others (20)LT Liabilities4,384
Profit After tax 452Total Liabilities31,324
EPS (Note) 0.63Common Stock7,199
Net book value per share(Note) Stockholders Equity14,289
19.92
Note：Based on weighted average outstanding shares.
Cash flows (2008/1/1~2008/3/31)
Item Amount
Net Income 472
Changes of NWC 1,081
Adjustment & Others 97
Operating cash inflow 1,650
Financial Instrument 408
Capital Expenditure (143)
Others (213)
Investment cash inflow 52
Financial Debt (1,189)
ESOP 18
Others 191
Financing cash outflow (981)
Net Cash 721
Beginning cash balance 3,977
Ending cash balance 4,698
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：2008/05/02
Taipei, Taiwan
With the growth of demand in emerging markets, WPG, (the largest distributor of semiconductor components in Asia,) announces consolidated sales of Q1?8 at NT$34.8 billion, representing a 24% YoY increased. For the operating income growth and improvements in earning and asset quality, diluted EPS achieved NT$0.63 versus NT$0.58 on YoY basis. Consolidated management financial performance includes Profit after tax of NT$452 million (approximately US$79.18 million) while Net value per share was NT$19.92. The BOD resolved stock dividend 0.0315 shares per share and cash dividend NT2.15 per share respectively on April 29, 2008.
Return on Working Capital (ROWC), a key financial performance index is 12.74%, due to profit growth and operating cash requirement decreases. ROE is 12.65%. Operating cash cycle days maintained 67 days. The acquisition of Pernas, a leading passive component distributor in Taiwan, was approved by Shareholders?meeting, and will have positive effect in 2H?8.
Table WPG Holdings Consolidated Management Financials for the quarter ended March 31, 2008. (in brief)
Units：NT$ million
Income Statement Balance Sheet
(2008/1/1~2008/3/31) (2008/3/31)
Item AmountItemAmount
Net Sales 34,797Current Assets 4,698
Cost of Goods Sold (32,838) Accounts receivables 20,794
Gross Profit 1,959 Inventory 15,407
Operating Expenses (1,130)Funds & LT Investment 975
Operating Profit 829Fixed Assets 1,476
Non-op Expenses (209)Total Assets 45,612
Profit Before Tax 620Current Liabilities26,696
Tax (148) Accounts payables11,270
Minority & Others (20)LT Liabilities4,384
Profit After tax 452Total Liabilities31,324
EPS (Note) 0.63Common Stock7,199
Net book value per share(Note) Stockholders Equity14,289
19.92
Note：Based on weighted average outstanding shares.
Cash flows (2008/1/1~2008/3/31)
Item Amount
Net Income 472
Changes of NWC 1,081
Adjustment & Others 97
Operating cash inflow 1,650
Financial Instrument 408
Capital Expenditure (143)
Others (213)
Investment cash inflow 52
Financial Debt (1,189)
ESOP 18
Others 191
Financing cash outflow (981)
Net Cash 721
Beginning cash balance 3,977
Ending cash balance 4,698
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