YAGEO : reported its second-quarter results of 2022

 YAGEO reported its second-quarter results of 2022

1.Date of occurrence of the event:2022/08/11
2.Company name:YAGEO Corporation
3.Relationship to the Company (please enter "head office" or
  "subsidiaries"):head office
4.Reciprocal shareholding ratios:NA
5.Cause of occurrence:YAGEO Corporation (2327 TW) today announced its
second-quarter results of 2022. Net consolidated sales reported
NT$ 31,322 million, up 3.9% q-o-q and up 13.0% y-o-y, respectively, setting
its highest quarterly revenue in the company's history. Net consolidated
profits after tax attributable to parent company in the second quarter
reported NT$ 5,927 million, down 5.1% q-o-q and down 6.4% y-o-y,
respectively, or earnings per share of NT$ 11.05.

2Q22 gross margin rate posted 38.8%, up 0.7 percentage point q-o-q but down
2.2 percentage point y-o-y, respectively. The operating profit reached
NT$ 7,887 million with 25.2% operating profit margin rate, up 0.4 percentage
point q-o-q but down 3.5 percentage point y-o-y, respectively. Non-operating
items posted a net gain of NT$ 480 million in the second quarter, mainly
attributed to realized and unrealized net gain on foreign exchange of
NT$ 487 million. In addition, one-off tax including undistributed earnings
tax and others was NT$ 621 million, which had the influence on EPS
about -NT$ 1.16.

1H22 consolidated sales reported NT$ 61,456 million, up 19.4 % y-o-y.
Net consolidated profit after tax attribute to parent company reported
NT$ 12,171 million, up 7.4% y-o-y, or earnings per share of NT$ 22.65.
Gross margin rate posted 38.5%, down 1.6% percentage point y-o-y.
The operating income reached NT$ 15,373 million with 25.0% of operating
profit margin rate, down 2.1% percentage point y-o-y. Non-operating items
posted a net gain of NT$ 1,049 million, mainly attributed to realized and
unrealized net gain on foreign exchange of NT$ 1,021 million.

YAGEO will continually monitor the uncertainties, such as global pandemic
outbreak, rising inflation, international conflicts, as well as the
recovery status of end demand and logistics after the ease of lockdowns in
China. As premium business remains stable and solid, while the demand and
inventory of standard business is still under adjustment, the company will
stay cautiously optimistic to its sales and operation outlook.
6.Countermeasures:NA
7.Any other matters that need to be specified:NA