Fitipower Integrated Technology Inc. providing an overview of the
Third-Quarter Consolidated Results at the analyst meeting.
3Q24 consolidated revenue of NT$5,307 million, up 5.66 % from previous
quarter and up 25.13% year-over-year
3Q24 consolidated gross margin of 28.07%, down 2.64 percentage points
from previous quarter, and down 5.40 percentage points year-over-year
3Q24 consolidated operating income of NT$618 million, down 12.19% from
previous quarter, and down 4.86 % year-over-year
2Q24 consolidated net income of NT$684 million; EPS of NT$4.19
Consolidated Revenue
Fitipower Integrated Technology Inc. today providing an overview to
financial results of third-quarter ended Sep 30, 2024. The third-quarter
revenue was NT$5,307 million, up 5.66 % sequentially and up 25.13%
year-over-year. The quarter-over-quarter and year-over-year increase was
mainly due to the changes of the product mix.
Consolidated Gross Profit and Gross Margin
The Third-quarter gross profit was NT$1,489 million, down 3.44%
sequentially, and up 4.94% year-over-year. Gross margin for the quarter
was 28.07%, down 2.64 percentage points sequentially, and down 5.40
percentage points year-over-year. The quarter-over-quarter decrease and
year-over-year decrease were mainly due to changes of the product mix.
Consolidated Net Income, Net Profit Margin and EPS
Net income for the quarter was NT$684million, down 6.75% Sequentially,
and up 3.61% year-over-year. Net profit margin for the quarter was
12.90%, lower than 14.61% previous quarter, and lower than 15.57% in
the year-ago quarter. EPS was NT$4.19, down from NT$4.91 in the prior
quarter, and up from NT$3.98 in the year-ago quarter.
The quarter-over-quarter decrease in net income, net profit margin and
EPS, the year-over-year increase in net income and EPS and the
year-over-year decrease in net profit margin were mainly due to changes
of the product mix.
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