China PCB factory W Printed Circuit board has announced plans to repurchase as many as 30 million shares, or 9.73% of the company’s outstanding shares, at between NT$18.83 (US$0.57) and NT$39.23 per share through February 22, 2016. The move is aimed at maintaining the company’s credit and shareholder equity, Wus said.
Wus generated revenues of NT$479 million (US$14.6 million) in November 2015, up 19% sequentially but down 31.5% on year. Revenues totaled NT$5.67 billion for the first 11 months of 2015, decreasing 15.3% from a year earlier.
Wus reported net profits of NT$4.96 billion on revenues of NT$4.78 billion for the first three quarters of 2015, with a 11.44% gross margin. EPS for the nine-month period came to NT$15.63.