WPG (TSE:3702) Reports October 2009 Consolidated Sales of NT$17.57 Billion (US$ 544 Million), +32% YoY
2009-11-11
WPG (TSE:3702) Reports October 2009 Consolidated Sales of NT$17.57 Billion (US$ 544 Million), +32% YoY
Date: 2009/11/11
Taipei, Taiwan
WPG, the largest distributor of semiconductor components in Asia, reported October 2009 consolidated sales of NT$17.57 billion (US$544 million), represented an increase of 32% over previous year. The sales reached NT$160.9 billion (US$4.85 billion), a 29% increase in comparison with 2008.
“The monthly revenue of NT$17.57 billion was down 15% over the prior month, mainly due to less working days in October in China for its golden week, the business conditions remained positive and we expect Q4 2009 sales would be in line with normal seasonality” said Cliff Yuan, vice president of corporate finance and accounting.
The demand on high performance and low-cost 3C product of emerging markets has been outgrowing the rest of the world. With hot seasonal growth, consumer electronics such as LCD TV, Digital Camera, and Notebook, Network, STB have been doing well, in addition to China local mobile phone brands, WPG has increased 3G and smartphone penetration, not only iPhone but Palm and BlackBerry.
The market share of WPG has extended consecutively, the sales breakdowns by regions are 80% from China (incl. HK), 13% from Taiwan, 6% from ASEAN and 1% from others.
IR contacts：Cliff Yuan / Kathryn Chen
Tel：886-2-27068268 ext.5268 / ext.5278
Email：ir@WPGholdings.com
Corporate website: www.WPGholdings.com
Date: 2009/11/11
Taipei, Taiwan
WPG, the largest distributor of semiconductor components in Asia, reported October 2009 consolidated sales of NT$17.57 billion (US$544 million), represented an increase of 32% over previous year. The sales reached NT$160.9 billion (US$4.85 billion), a 29% increase in comparison with 2008.
“The monthly revenue of NT$17.57 billion was down 15% over the prior month, mainly due to less working days in October in China for its golden week, the business conditions remained positive and we expect Q4 2009 sales would be in line with normal seasonality” said Cliff Yuan, vice president of corporate finance and accounting.
The demand on high performance and low-cost 3C product of emerging markets has been outgrowing the rest of the world. With hot seasonal growth, consumer electronics such as LCD TV, Digital Camera, and Notebook, Network, STB have been doing well, in addition to China local mobile phone brands, WPG has increased 3G and smartphone penetration, not only iPhone but Palm and BlackBerry.
The market share of WPG has extended consecutively, the sales breakdowns by regions are 80% from China (incl. HK), 13% from Taiwan, 6% from ASEAN and 1% from others.
IR contacts：Cliff Yuan / Kathryn Chen
Tel：886-2-27068268 ext.5268 / ext.5278
Email：ir@WPGholdings.com
Corporate website: www.WPGholdings.com