Taipei, Taiwan, R.O.C. – August 8th, 2024– ADATA today announced its financial results for the second quarter of 2024, which ended on June 30th, 2024. In the first half of 2024, the company reported record results with a gross margin of 25.66% and an operating profit of NT$2.94 billion. Thanks to memory price increases and effective inventories management, the gross margin grew by 12 percentage points from 13.44% in the same period of 2023 to 25.66%. Net income was NT$1.83 billion and net income attributable to shareholders of the parent reached NT$1.81 billion, showing a significant growth of 437% and 523% YoY, respectively. Based on 293 million outstanding shares, EPS was NT$ 6.2. In the second quarter of 2024, the company’s total revenue amounted to NT$10.05 billion, reflecting an increase of 46.75% YoY. Compared with the same period for 2023, gross margin rose by 9 percentage points to 24.83% and operating profit margin grew by 12 percentage points to 13.85%. Operating profit was NT$1.39 billion, marking an 882% increase YoY. Net income attributable to shareholders of the parent came to NT$755 million, a rise of 183% YoY and EPS was NT$2.58. ADATA 2024/Q2 Consolidated Financial Summary Item (in millions of NT$) 2024/Q2 2024/Q1 QoQ% 2023/Q2 YoY% Revenue 10,049 10,881 (7.64) 6,848 46.75 Gross profit 2,495 2,876 (13.25) 1,058 135.72 Operating profit 1,392 1,547 (10.01) 142 882.02 Income before tax 1,022 1,478 (30.83) 370 176.26 Net income 771 1,059 (27.16) 284 171.67 Net income attributable to shareholders of the parent 755 1,060 (28.79) 267 183.08 Basic EPS (in dollars) 2.58 3.62 - 1.02 -
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