Record High! WPG (TSE:3702) Reports March 2009 Consolidated Sales of NT$15.5 Billion (US$454 Million), +20% MoM
2009-04-10
Record High! WPG (TSE:3702) Reports March 2009 Consolidated Sales of NT$15.5 Billion (US$454 Million), +20% MoM
The First Quarter 2009 Earnings Exceed Expectations, Reaching NT$37.1 Billion (US$1.09 Billion), +17% QoQ
Date: 2009/04/10
Taipei, Taiwan
WPG, the largest distributor of semiconductor components in Asia, reported March 2009 consolidated sales of NT$15.5 billion (US$454 Million), represented an increase of 20% over previous quarter and 13% year over year. WPG has benefited from the continued demand growth in emerging markets and substantial business contribution delivered from value-creating acquisition activities, the first quarter 2009 revenue reached NT$37.1 billion (US$1.09 billion), a 17% increase sequentially.
In emerging markets among Asia Pacific region, performance came in above expectations, with particularly strong growth from China 3C market, since the penetration rates of mobile phone and internet users are still low in these areas, which fuels enormous demand for low price mobile phone, netbook and consumer electronics.
In addition, due to the great results achieved by the acquisition of AIT and Pernas, the first quarter’s business posted a better-than-expected increase, and the monthly sales in March 2009 hit record high.
Chinese rural stimulus program has been expected to increase purchasing power in rural communities that holds significant sales growth potential for WPG in China. The sales breakdowns by regions are 72% from China (incl. HK), 17% from Taiwan, 8% from ASEAN and 3% from Others.
IR contacts：Cliff Yuan / Kathryn Chen
Tel：886-2-27068268 ext.5268 DID: 886-2-7712-5268 / 886-2-27068268 ext.5278 DID: 886-2-7712-5278
Email：ir@WPGholdings.com
Corporate website: www.WPGholdings.com
The First Quarter 2009 Earnings Exceed Expectations, Reaching NT$37.1 Billion (US$1.09 Billion), +17% QoQ
Date: 2009/04/10
Taipei, Taiwan
WPG, the largest distributor of semiconductor components in Asia, reported March 2009 consolidated sales of NT$15.5 billion (US$454 Million), represented an increase of 20% over previous quarter and 13% year over year. WPG has benefited from the continued demand growth in emerging markets and substantial business contribution delivered from value-creating acquisition activities, the first quarter 2009 revenue reached NT$37.1 billion (US$1.09 billion), a 17% increase sequentially.
In emerging markets among Asia Pacific region, performance came in above expectations, with particularly strong growth from China 3C market, since the penetration rates of mobile phone and internet users are still low in these areas, which fuels enormous demand for low price mobile phone, netbook and consumer electronics.
In addition, due to the great results achieved by the acquisition of AIT and Pernas, the first quarter’s business posted a better-than-expected increase, and the monthly sales in March 2009 hit record high.
Chinese rural stimulus program has been expected to increase purchasing power in rural communities that holds significant sales growth potential for WPG in China. The sales breakdowns by regions are 72% from China (incl. HK), 17% from Taiwan, 8% from ASEAN and 3% from Others.
IR contacts：Cliff Yuan / Kathryn Chen
Tel：886-2-27068268 ext.5268 DID: 886-2-7712-5268 / 886-2-27068268 ext.5278 DID: 886-2-7712-5278
Email：ir@WPGholdings.com
Corporate website: www.WPGholdings.com