Monthly Revenues

2024-05-07

Qisda Announces Financial Results for First Quarter Fiscal 2024

The gross margin reached 16%, exceeding 16% for four consecutive quarters.

Qisda (TWSE: 2352) today announces its first quarter fiscal 2024 financial results. With the high value-added business and display business remaining stable, the gross margin reached 16%, exceeding 16% for four consecutive quarters. Due to the traditional off-season and operations still in the inventory adjustment stage, profits in the first quarter were still at a low level, with earnings per share (EPS) being NTD 0.13.

Qisda will hold an investor conference on 8th May to explain the results of the first quarter and the outlook.

In the first quarter, Qisda's consolidated revenue reached NTD 46.9 billion, representing YoY decrease of 7%. The gross profit was NTD 7.511 billion with a YoY decrease of 6%, and the gross margin reached 16%, exceeding 16% for four consecutive quarters. The operating income was NTD 0.927 billion with a YoY decrease of 31%. The net income attributable to Qisda was NTD 0.257 billion with a YoY decrease of 21%, and earnings per share (EPS) of NTD 0.13.

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Qisda Corporation published this content on 07 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 May 2024 11:30:03 UTC.