Wistron announces Q1 financial results


(TAIPEI, TAIWAN) 10 May 2024 — Wistron Corp. held a meeting of the Board of Directors today.  Following the meeting, the company announced the financial results for the first quarter ended March 31, 2024.  The consolidated revenue amounted to NT$239 billion, with operating income reaching NT$7,059 million, profit before tax (PBT) at NT$8,007 million, and profit after tax (PAT) totaling NT$3,524million, resulting in an EPS of NT$1.24.   


In addition to the financial results, the company has made the following announcements.:
1. Completion of the transaction to sell Wistron InfoComm Manufacturing (India) Private Limited to Tata Electronics Pvt. Ltd. (TEPL) in March. The transaction concluded at a final price of US$130.8 million (equivalent to NT$ 4.098 billion), resulting in a non-operating loss of US$4.6 million (equivalent to NT$144 million).
2. A capital injection of US$15.5 million into Alpha EMS Corporation (referred to as WAE), the company's newly acquired wholly-owned subsidiary in the US, to meet its capital expenditure and operational funding requirements.
3. WAE intends to lease a facility in California, USA from LIPT BIXBY III, LLC, and recognizes the right-of-use assets for real estate acquisitions within the limit of US$24.85 million, for a period of 10 years and 4 months.
4. The proposed revision of the maximum capital expenditure budget at the Taiwan Hukou plant is to increase it from the original NT$1.603 billion to NT$2.294 billion in response to new business development and strategic planning needs. Specifically, the budget for machinery and equipment investments is increased from NT$1.131 billion to NT$1.731 billion, and the budget for building improvements is increased from NT$472 million to NT$563 million.