WPG (TSE:3702) Announced First Quarter PAT EPS of NT$0.58
WPG (TSE:3702) Announced First Quarter PAT EPS of NT$0.58.
Taipei, Taiwan
2012/05/04
Benefited from expansion of emerging markets such as China, India and Indonesia, and synergy of its M&A, WPG, the largest distributor of semiconductor components in Asia, announced its first quarterconsolidatedsales reachedNT$80.9billion, exceeded high side of the first quarter’s NT$75~79 billion guidance. Operating margin reached 1.58%, near high side of 1.4%~1.6% expectation. Unaudited net income of first quarterwas NT$939 million and NT$0.58 per share on a diluted basis. AECO, our new group member, also contributed to above mentioned figures.
The growth has been delivered by strong domestic demand from emerging market, downstream customers were stocking up components aggressively for launching new products and our continuouseffort in product mix optimization. Revenue contribution of mid to low end smartphone/iPhone/iPad and wireless broadband continued increasing. Other 3C products such as Ultrabook, Tablet PC, NB, STB and Non-3C segments such as automobile, industrial electronics are continued growing. Return on Working Capital (ROWC) and ROE was 9.6% and10.1%respectively.
Management guidesthe total sales of secondquarter 2012 will be between NT$90billion and NT$ 94billion, with the grossmargin in the range of 5.1%~5.3% and the average operating margin is 1.6%~1.8%.
In the 1stquarter2012, around 26application solutions were provided in the fields of consumer electronics (14)and cell phone / communication (12),focusing on applications of STB, multimedia box, wireless receiver and smart phone.(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 March31, 2012. (in brief)
Units：NT$ million
Income Statement (2012/1/1~2012/3/31) | |
|---|---|
Item | Amount |
Net Sales | 80,897 |
Cost of Goods Sold | (76,729) |
Gross Profit | 4,169 |
Operating Expenses | (2,892) |
Operating Profit | 1,276 |
Non-op Expenses | (169) |
Profit Before Tax | 1,108 |
Tax | (177) |
Minority & Others | 9 |
Profit After tax | 939 |
EPS (Note) | 0.58 |
Net book value per share(Note) | 24.59 |
Note：Based on weighted average outstanding shares.
Balance Sheet (2012/3/31) | |
|---|---|
Item | Amount |
Current Assets | 105,339 |
Accounts receivables | 51,752 |
Inventory | 36,590 |
Other assets | 12,246 |
Total Assets | 117,584 |
Current Liabilities | 72,453 |
Accounts payables | 33,961 |
LT Liabilities | 4,276 |
Total Liabilities | 77,305 |
Common Stock | 16,557 |
Stockholders Equity | 40,280 |
Cash flows (2012/1/1~2012/3/31)
Cash flows (2012/1/1~2012/3/31) | |
|---|---|
Item | Amount |
Net Income | 930 |
Changes of NWC | 325 |
Operating cash inflow /(outflow) | 1,325 |
Investment cash inflow /(outflow) | (646) |
Financial Debt | (64) |
Financing cash inflow /(outflow) | (41) |
Cumulative translation adjustments | 398 |
Foreign Exchange | (651) |
Net Cash | 385 |
Beginning cash balance | 7,786 |
Ending cash balance | 8,171 |
IRcontacts：Cliff Yuan/ Kathryn Chen / Zoe Peng
Tel：886-2-7712-5268 / 886-2-7712-5278 / 886-2-7712-5262
Email address: ir@WPGholdings.com
Corporate website: www.WPGholdings.com