Wah Lee announced August sales, YoY growth of 6.2%

Wah Lee Industrial Corp. (3010.TT) announced its August 2022 consolidated sales of NT$6.432 billion, a growth of 6.2% over the same period last year.  Cumulative Jan.-Aug. consolidated sales reached NT$50.752 billion, a growth of 11.9% YoY.  Wah Lee’s August and cumulative Jan.-Aug. consolidated sales have both set record highs.

 

The energy shortages caused by Russia-Ukraine war and the severe droughts caused by extreme weather have led to global inflations.  Central banks around the world continue to raise interest rates.  The variants of Covid-19 still pose threats to human health.  Under these challenging circumstances, Wah Lee’s sales still continued to grow.

 

Though the consumer demands tend to be affected by the macro economic factors such as inflations and interest rate hikes, data centers, 5G infrastructures, and EV will have more silicon contents.  The fundamental demands for semiconductor are still solid.  Wah Lee’s semi sales are expected to pose double digit growth throughout the year.