Wah Lee Industrial announced October unaudited consolidated sales of NT$3,075M

November 8, 2016  Wah Lee Industrial Corp. (3010.TT) announced its October 2016 unaudited consolidated sales of NT$3,075M, which was a decrease of 9.42% from last month and a decrease of 17.01% from the same period of last year.  Cumulative Jan.-Oct. 2016 consolidated sales posted a minor decrease of 1.67% compared to the same period last year and resulted in NT$32,266M.

Within the portfolio of Wah Lee’s Jan. to Oct. consolidated sales, C/C and Semiconductor industries still posted steady growth; Panel and Green (Solar) industries were in decline due to the overall weak industry condition.  However, starting from November, solar industry has returned to good seasonal demand.  China and India are in clear demand situation for solar materials and pushed up the unit price, plus the bad news of US anti-dumping has been fully reflected. The overall solar industry outlook has become brighter.  Wah Lee’s Computer/Communication industry has growing demands from existing and new applications.  Semiconductor industry also provides stable growth momentum.  Wah Lee’s sales growth potential is still solid.