WPG posts report income, revenue for 2020
Julian Ho, Taipei; Joseph Tsai, DIGITIMES
IC distributor WPG has reported consolidated revenues and web income elevated 15.6% and 25.9%, respectively, on yr to report highs in 2020 with EPS reaching NT$4.77 (US$0.17).
WPG’s consolidated revenues had been NT$609.89 billion and web income NT$8.12 billion in 2020.
WPG expects its income to see higher on-year progress than revenues in 2021, judging from shoppers’ orders and the availability chain’s standing, stated firm CFO Cliff Yuan, including that the corporate’s channel stock degree has already dropped to 35-40 days, however continues to be totally able to satisfying shoppers’ demand.
Yuan stated orders for 5G base stations, work-from-home purposes and IoT will stay regular in 2021, whereas demand for automotive ICs has additionally turned secure since second-half 2020. The firm’s IT and non-IT product companies will each take pleasure in rising revenues in 2021, Yuan added.
WPG’s revenues and income each hit report ranges in 2020
Photo: Digitimes file picture
