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WPG (TSE:3702) Reports Its Net Income of Second Quarter 2018 Reaches NT$2.204 Billion, Set Quarterly Record High and Exceed Forecast, +23.1% YoY. EPS was NT$1.21.

20180731

WPG (TSE:3702) Reports Its Net Income of Second Quarter 2018 Reaches NT$2.204 Billion, Set Quarterly Record High and Exceed Forecast, +23.1% YoY. EPS was NT$1.21.

 

2018/07/31

 

Benefited from growing shipments of 3C, Internet of Things(IoT), automotives, Artificial Intelligence(AI), cloud product and passive components, WPG, the largest distributor of semiconductor components in Asia, announced Its second quarter 2018 consolidated sales of NT$139.533 billion, represented 8.7% increase over previous year. With optimizing product portfolios and efficient expense control, operating expenses to sales ratio was 2.41%, driving operating income of NT$2.695 billion set quarterly second record high, represented 15.1% increase over previous year. Contribution from FX gains and gains on disposal of investments, net income of NT$2.204 billion set quarterly record high and exceed forecast reaches, represented 23.1% increase year over year. EPS was NT$1.21 per share. YTD consolidated sales was NT$262.944 billion, net income reaches NT$4.095 billion, represented 12.6% increase over previous year. YTD EPS was NT$2.24.

Based on the exchange rate assumption of 1 US dollar to 30.5 NT dollars, management guides the total sales of third quarter 2018 will be between NT$142 billion and NT$150 billion, with the gross margin in the range of 4.1%~4.3% and the operating margin between 1.85%~1.98%. Forecast of FX gains and investment income were based on conservatism principle.

 

Note:All financial information was prepared by the Company in accordance with Taiwan IFRS.

 

IR contacts:Cliff Yuan/ Zoe Peng

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