All data are based on the daily closing price as of July 18, 2024

Qisda Reports June Revenue Increase Amid Stabilizing Market Conditions

Second Quarter Sees Revenue Growth Despite Year-On-Year Decline
Taiwan
q 2352.TW Mid and Small Cap 2000 Tech 350
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Qisda announced today a consolidated revenue of NT$17.4 billion for June, marking a 6% increase from the previous month, though reflecting an 8% decrease year-on-year. The company’s second-quarter revenue rose to NT$49.9 billion, up 6% quarter-on-quarter but down 4% from the same period last year.

The first half of 2024 saw cumulative consolidated revenue of NT$96.8 billion, a 6% decline compared to the previous year. Despite this overall decrease, demand in Qisda’s display and medical sectors has remained robust, contributing to the month-on-month revenue growth in June.

Chairman Chen Qihong has indicated optimism for the latter half of the year, citing the end of inventory depletion across various industries. He expects a steady recovery beginning in the second quarter, with the traditional peak season anticipated to boost revenues further in the second half of the year.

This forecast is underpinned by stable performance across Qisda’s business units in recent months, suggesting a solid foundation for future growth. The company is gearing up for improved financial performance as market conditions continue to stabilize and demand strengthens.

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