Walsin Lihwa Corporation held board meeting today (March 30) approved 2008 financial report. The board also decided the convention of 2009 shareholder meeting to be at 9 a.m., Friday, June 19, at the Grand Victoria Hotel. 

The stand-alone operating revenue of year 2008 has reached NT$ 72.79 billion, and the consolidated operating revenue has reached to NT$ 157.18 billion. The 2008 stand-alone gross profit has reached NT$ 0.81 billion, and the consolidated gross profit came to NT$ 2.67 billion. The stand-alone operating loss was NT$ 0.36 billion, and the consolidated operating loss was NT$ 1.23 billion. 

Due to international raw material price declined sharply in the 4th quarter of 2008, the company and subsidiaries encountered the inventory obsolescence provision of NT$ 2 billion, the commodity future unrealized and realized loss for hedging purpose of NT$ 1.9 billion, and equity in loss of affiliates of NT$ 2 billion. Net loss after tax has totaled NT$ 5 billion, loss per share was NT$ 1.57. 

Walsin Lihwa Corporation established in 1966, has been the leading manufacturer for copper, power cables, communication wires and specialty steel.