Tue, Sep 10, 2013 - Page 13 News List

Emerging markets boost WPG revenue

By Kevin Chen  /  Staff reporter

Semiconductor components distributor WPG Holdings Co (大聯大投資控股) reported record-high revenue last month on strong demand from emerging markets, sending the company’s shares 1 percent higher yesterday.

Despite a tough macro economic environment, the company said its record sales last month were also driven by components buildup by major brandnames in preparation for their new smartphone and tablet launches, WPG said in a filing to the Taiwan Stock Exchange.

Consolidated sales last month rose 4.33 percent to NT$35.66 billion (US$1.2 billion) from NT$34.18 billion in July.

Last month’s figure rose 10.9 percent from NT$32.16 billion in August last year, the leading semiconductor components vendor in Asia said.

China remained the company’s key market, accounting for 79 percent of its revenue, followed by Taiwan’s 14 percent, Southeast Asia’s 5 percent and 2 percent from other areas, it said.

From January to last month, consolidated revenue hit NT$257.07 billion, up 9.3 percent from NT$235.18 billion in the same period last year, according to the filing.

WPG’s smaller rival WT Microelectronics Co (文曄科技) also released last month’s sales results yesterday.

The figures showed that WT’s consolidated revenue rose 6.99 percent month-on-month and 6.75 percent year-on-year to NT$7.81 billion — also the highest monthly sales in the company’s history.

In the first eight months, accumulated revenue rose 7.26 percent to NT$56.14 billion, the company said in a separate filing.

WT Microelectronics shares fell 0.15 percent yesterday.

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