Generalplus Technology (4952) Q1 2024 earnings summary

Executive summary

• Operating revenue for Q1 2024 was NT$543,764 thousand, up 19% year-over-year from NT$456,015 thousand.

• Net profit for Q1 2024 reached NT$61,182 thousand, nearly doubling from NT$31,849 thousand in Q1 2023.

• Gross profit margin was 38% in Q1 2024, slightly down from 40% in Q1 2023.

• Earnings per share for Q1 2024 were NT$0.56, compared to NT$0.29 in Q1 2023.

Financial highlights

• Operating costs increased to NT$335,049 thousand in Q1 2024 from NT$272,790 thousand in Q1 2023.

• Operating expenses totaled NT$165,475 thousand in Q1 2024, up from NT$160,591 thousand year-over-year.

• Net cash inflow from operating activities was NT$91,083 thousand in Q1 2024, compared to a net outflow of NT$74 thousand in Q1 2023.

• Cash and cash equivalents at March 31, 2024 were NT$982,206 thousand, up from NT$890,852 thousand a year earlier.

Outlook and guidance

• The profit distribution plan for fiscal year 2023, including a proposed cash dividend of NT$1.30 per share, is subject to shareholder approval in May 2024.