Wed, Oct 09, 2013 - Page 13 News List

IC component distributor WPG reports record revenue

By Kevin Chen  /  Staff reporter

Semiconductor component distributor WPG Holdings Co (大聯大投資控股) yesterday said that revenue last quarter was in line with its guidance and reached a record high.

The company said consolidated revenue in the third quarter hit NT$107.74 billion (US$3.67 billion), up 7 percent from NT100.65 billion in the previous quarter and 9.7 percent higher than the NT$101.22 billion recorded in the same period last year.

Although worldwide demand for tech products had been generally weak, the company believed the driving force continued to be smartphones and tablets and offered a sales guidance of between NT$105 billion and NT$110 billion for the three months ending last month.

“Benefiting from increased demand from emerging markets and increased sales of smartphone and tablet products, WPG saw large sales increase in related businesses last month,” the company said in a statement.

WPG said consolidated sales last month rose 6.28 percent to NT$37.9 billion from NT$35.6 billion in August and increased 8.6 percent from NT$34.9 billion in September last year.

During the first nine months of the year, cumulative revenue totaled NT$294.96 billion, representing an increase of 9.2 percent over the previous year’s NT$270.09 billion, WPG 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 added.

WPG’s smaller competitor WT Microelectronics Co (文曄科技) also released its quarterly results yesterday, showing that third-quarter consolidated revenue rose 10.73 percent quarter-on-quarter and 6.75 percent year-on-year to NT$23.27 billion — the highest quarterly sales in the company’s history.

Accumulated revenue in the first nine months totaled NT$64.31 billion, up 7.39 percent from a year earlier, the company said a filing to the Taiwan Stock Exchange.

WPG shares yesterday closed 0.14 percent higher at NT$34.70, while those of WT Microelectronics fell 0.86 percent to NT$34.40.

This story has been viewed 2278 times.

Comments will be moderated. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned.

TOP top