Wistron sees net profits in 1Q15 double from year ago
Wistron’s board of directors has passed the company’s first-quarter financial report with consolidated revenues of NT$15.07 billion (US$495.65 million), operating profits of NT$817 million, net profits of NT$723 million and EPS of NT$0.30 and the company will distribute dividends of NT$1.50 with NT$1.20 in cash and NT$0.30 in stock.
Wistron’s net profits grew 111.4% on year in the first quarter of 2015, while operating gross margins were also up 0.17pp from a quarter ago.
Wistron also plans to increase its treasury stock and will buy back a maximum of 60 million shares between May 15 and July 14 at a price range between NT$23-39.
Although most of its fellow competitors suffered exchange losses for the first quarter, Wistron generated an income of NT$73 million from currency exchanges in the quarter.