Wistron Announces 2023 Financials and BOD Results

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Wistron Corp. held a meeting of the Board of Directors today. Following the meeting, the company announced the financial results for 2023. The consolidated revenue reached NTD 867 billion. Operating income was NTD 27,390 million, profit before tax (PBT) was NTD 24,321 million, and profit after tax (PAT) was NTD 11,472 million, with EPS of NTD 4.08.   

For the fourth quarter of fiscal year 2023, revenue was NTD 231 billion, operating income was NTD 10,535 million, PBT was NTD 7,122 million and PAT was NTD 3,337 million, with EPS of NTD 1.18.  

In addition to the financial results, the company has made the following announcements:

1. A cash dividend of NTD 2.60 per common share for 2023 earnings distribution.
2. A new proposal to issue no more than 250 million new shares within the next one year timeframe to preserve financial flexibility.
3. Wistron Advanced Materials(Kunshan) Co. Ltd., a wholly owned subsidiary of the company, plans to sell the factory building and its land use right to Kunshan Kunkai Chuangyue Asset Management Co., Ltd. at a price of RMB 149.8 million (approximately NTD 654 million). The estimated disposal profit from this transaction is RMB 62 million (approximately NTD 271 million).
4. ICT Service Management Solutions (India) Private Limited, the company’s wholly owned subsidiary, intends to secure a land use right from the Karnataka Industrial Area Development Board (KIADB) with an amount of up to INR 1.4 billion (approximately NTD 533 million).
5. The Annual General Shareholders’ Meeting will be held on May 30 at the CHANG YUNG-FA FOUNDATION International Convention Center in Taipei.