YAGEO Corporation (2327 TW) today announced its first-quarter results of 2022. Net consolidated sales reported NT$ 30,134 million, up 17.3% q-o-q and up 26.9% y-o-y, respectively, setting its second highest quarterly revenue in the company’s history. Net consolidated profits after tax attributable to parent company in the first quarter reported NT$ 6,244 million, up 31.8% q-o-q and up 24.7% y-o-y, respectively, or earnings per share of NT$ 11.59.

First-quarter gross margin rate posted 38.1%, down 1.9 percentage point q-o-q and down 1.0 percentage point y-o-y, respectively. The operating profit reached NT$ 7,487 million with 24.8% operating profit margin rate, down 0.9 percentage point q-o-q and down 0.6 percentage point y-o-y, respectively. Non-operating items posted a net gain of NT$ 569 million in the first quarter, mainly attributed to realized and unrealized net gain on foreign exchange NT$ 534 million.

As the uncertainty of international conflicts arises and there is no instant solution for the supply shortage of IC components, while the extension of lockdowns in Kunshan and Shanghai areas has caused further logistics restriction on material supply and order shipment, YAGEO will closely monitor the market condition and stay prudently optimistic to its sales and operation outlook.0