WPG (TSE:3702) Reports Consolidated Third Quarter Sales of NT$66.8 billion, with diluted EPS of NT$1.19
2010-11-03
WPG (TSE:3702) Reports Consolidated Third Quarter Sales of NT$66.8 billion, with diluted EPS of NT$1.19
EPS NT$ 3.78 for the First Three Quarters of 2010, +48.6% YoY Increase
Taipei, Taiwan
2010/11/3
WPG, the largest semiconductor components distributor in Asia, reported third quarter 2010 consolidated sales of NT$66.8 billion, the diluted earnings per share would have been NT$ 1.19. The sales reached NT$187.2 billion, and the diluted earnings per share would have been NT$ 3.78 for the first nine months of 2010.
“The third quarter’s results in line with our own expectations, the sales has been delivered on the sustainable growth in 4C electronics, LED lighting and solar wafer business,” said Simon Huang, chairman and president. “Q310 Return on Working Capital (ROWC) was 17.6%, and ROE was 25.4%, inventory turnover in days remained at healthy level around 31 days.”
“Looking ahead, as Yosun will join WPG on November 15th, 2010, we believe the total fourth quarter sales will be between NT$71 billion and NT$74 billion, with the growth margin in the range of 5.1%~5.3% and we expect the average operating margin is 1.5%~1.7%,” said Cliff Yuan, vice president of corporate finance and accounting.
”WPG has occupies a unique, value-added position in the supply chain, with growth opportunities across many customer segments, end markets and technologies,” stated Scott Lin, vice president of marketing management unit. “In the third quarter, we have provided more than 46 application solutions in the fields of computer (11), consumer electronics (22), communication (6) and auto electronics (7), especially focusing on Mobile TV, WCDMA/ TD-SCDMA Smartphone and LED Lighting applications. For more information please visit WPG Tech on-line, https://www.wpgholdings.com/wpgtechonline.php.”
Table: WPG Holdings Consolidated Management Financials for the quarter ended September 30, 2010. (in brief)
Units：NT$ million
Income Statement (2010/1/1~2010/9/30)
Item Amount
Net Sales 187,191
Cost of Goods Sold(176,318)
Gross Profit 10,873
Operating Expenses (6,106)
Operating Profit 4,767
Non-op Expenses 55
Profit Before Tax 4,822
Tax (814)
Minority & Others (18)
Profit After tax 3,990
EPS (Note) 3.78
Net book value
per share(Note) 20.58
Note：Based on weighted average outstanding shares.
Balance Sheet (2010/9/30)
Item Amount
Current Assets 72,777
Accounts receivables 37,874
Inventory 24,365
Other assets 3,176
Total Assets 75,953
Current Liabilities 51,928
Accounts payables 26,058
LT Liabilities 1,954
Total Liabilities 54,127
Common Stock 10,560
Stockholders Equity 21,826
Cash flows (2010/1/1~2010/9/30)
Item Amount
Net Income 3,990
Changes of NWC (9,063)
Operating cash inflow(5,078)
Investment cash inflow 212
Financial Debt 6,112
Financing cash outflow 4,228
Cumulative translation
adjustments (625)
Net Cash (1,263)
Beginning cash balance 6,514
Ending cash balance 5,250
IR contacts：Cliff Yuan/ Kathryn Chen
Tel：886-2-27068268 ext.5268/ ext.5278
Email address: ir@WPGholdings.com
Corporate website: www.WPGholdings.com
EPS NT$ 3.78 for the First Three Quarters of 2010, +48.6% YoY Increase
Taipei, Taiwan
2010/11/3
WPG, the largest semiconductor components distributor in Asia, reported third quarter 2010 consolidated sales of NT$66.8 billion, the diluted earnings per share would have been NT$ 1.19. The sales reached NT$187.2 billion, and the diluted earnings per share would have been NT$ 3.78 for the first nine months of 2010.
“The third quarter’s results in line with our own expectations, the sales has been delivered on the sustainable growth in 4C electronics, LED lighting and solar wafer business,” said Simon Huang, chairman and president. “Q310 Return on Working Capital (ROWC) was 17.6%, and ROE was 25.4%, inventory turnover in days remained at healthy level around 31 days.”
“Looking ahead, as Yosun will join WPG on November 15th, 2010, we believe the total fourth quarter sales will be between NT$71 billion and NT$74 billion, with the growth margin in the range of 5.1%~5.3% and we expect the average operating margin is 1.5%~1.7%,” said Cliff Yuan, vice president of corporate finance and accounting.
”WPG has occupies a unique, value-added position in the supply chain, with growth opportunities across many customer segments, end markets and technologies,” stated Scott Lin, vice president of marketing management unit. “In the third quarter, we have provided more than 46 application solutions in the fields of computer (11), consumer electronics (22), communication (6) and auto electronics (7), especially focusing on Mobile TV, WCDMA/ TD-SCDMA Smartphone and LED Lighting applications. For more information please visit WPG Tech on-line, https://www.wpgholdings.com/wpgtechonline.php.”
Table: WPG Holdings Consolidated Management Financials for the quarter ended September 30, 2010. (in brief)
Units：NT$ million
Income Statement (2010/1/1~2010/9/30)
Item Amount
Net Sales 187,191
Cost of Goods Sold(176,318)
Gross Profit 10,873
Operating Expenses (6,106)
Operating Profit 4,767
Non-op Expenses 55
Profit Before Tax 4,822
Tax (814)
Minority & Others (18)
Profit After tax 3,990
EPS (Note) 3.78
Net book value
per share(Note) 20.58
Note：Based on weighted average outstanding shares.
Balance Sheet (2010/9/30)
Item Amount
Current Assets 72,777
Accounts receivables 37,874
Inventory 24,365
Other assets 3,176
Total Assets 75,953
Current Liabilities 51,928
Accounts payables 26,058
LT Liabilities 1,954
Total Liabilities 54,127
Common Stock 10,560
Stockholders Equity 21,826
Cash flows (2010/1/1~2010/9/30)
Item Amount
Net Income 3,990
Changes of NWC (9,063)
Operating cash inflow(5,078)
Investment cash inflow 212
Financial Debt 6,112
Financing cash outflow 4,228
Cumulative translation
adjustments (625)
Net Cash (1,263)
Beginning cash balance 6,514
Ending cash balance 5,250
IR contacts：Cliff Yuan/ Kathryn Chen
Tel：886-2-27068268 ext.5268/ ext.5278
Email address: ir@WPGholdings.com
Corporate website: www.WPGholdings.com