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Topoint Reports 2024 Q2 Financial Results

Financial 2024/08/13

Topoint Reports 2024 Q2 Financial Results

Taipei, Taiwan, Aug. 13th, 2024 – Topoint Technology Co., Ltd. (Topoint, TWSE: 8021) announced its financial results for 24H1, which ended on June 30, 2024.

 

24Q2 revenue and profit after tax were NT$ 890 million and NT$ 68 million respectively while basic after-tax earnings per share came in at NT$ 0.48.

24Q2 results when compared to the 24Q1 and a year earlier were the following:

 

Net revenue increased 20.9% QoQ to NT$ 890 million from NT$ 736 million in the previous quarter and increased 45.3% YoY from NT$ 613 million in 23Q2.

Gross profit increased 41.3% QoQ to NT$ 236 million from NT$ 167 million in the previous quarter and increased 109.6% from NT$ 113 million in 23Q2.

Operating income increased 458.8% QoQ to NT$ 81 million from NT$ 14 million in the previous quarter.

Net income attributable to shareholders of the Parent increased 218.3% QoQ to NT$ 68 million from NT$ 21 million in the previous quarter.

Earnings per share of NT$ 0.48 based on weighted average outstanding shares of 142 million.

 

All figures were prepared in accordance with TIFRS on a consolidated basis.

A breakdown of 24Q2 revenue by product categories shows PCB drills 63%, followed by drilling service 37% of total revenue.