The gross margin reached 16.8%, surpassing 16% for six consecutive quarters. 

Qisda (TWSE: 2352) today announces its third quarter fiscal 2024 financial results. Benefiting from the ongoing optimization of the product portfolio, the gross margin reached 16.8%, surpassing 16% for six consecutive quarters and setting a 20-year high. The operating income margin was 2.5%, risen for three consecutive quarters, with earnings per share (EPS) of NTD 0.54 in the third quarter, and a total EPS of NTD 1 for the first three quarters of the year.

Qisda will hold an investor conference on 6th November to explain the results of the third quarter and the outlook.

Qisda's third quarter revenue and profits grew QoQ. In the third quarter, Qisda's consolidated revenue reached NTD 50.8 billion, representing QoQ increase of 2%. The gross profit was NTD 8.512 billion with a QoQ increase of 2%, and the gross margin reached 16.8%, exceeding 16% for six consecutive quarters. The operating income was NTD 1.245 billion with a QoQ increase of 5%. The net income attributable to Qisda was NTD 1.053 billion with a QoQ increase of 59%, and earnings per share (EPS) of NTD 0.54.