Wistron Corporation ( (WICOF) ) has released its Q4 earnings. Here is a breakdown of the information Wistron Corporation presented to its investors.
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Wistron Corporation, a prominent player in the electronics manufacturing services industry, is known for its comprehensive range of services including design, manufacturing, and after-sales support across various sectors.
In its latest earnings report for 2024, Wistron Corporation announced a consolidated revenue of NTD 1,049 billion, with a profit after tax of NTD 17,439 million and earnings per share of NTD 6.11. The company also highlighted its strategic initiatives aimed at enhancing its financial flexibility and supporting future business needs.
Key financial metrics for the fourth quarter of 2024 include a revenue of NTD 297 billion and a profit after tax of NTD 5,305 million. Among the strategic resolutions, Wistron declared a cash dividend of NTD 3.8 per share and proposed issuing up to 250 million new shares. The company also approved significant investments in AI business infrastructure and R&D facilities in Taiwan and Vietnam, reflecting its commitment to future growth.
Wistron is also focusing on expanding its operations in Vietnam and India, with increased capital expenditures for new facilities and employee accommodations. These strategic moves are designed to bolster its capabilities in AI and ICT services, as well as to enhance its global footprint.
Looking ahead, Wistron Corporation’s management remains focused on leveraging these investments to drive growth and maintain its competitive edge in the electronics manufacturing services industry.