Wah Lee announced its 2024 EPS of NT$8.89 and cash dividend NT$5.0

Wah Lee Industrial Corp. (3010.TT) announced its FY2024 consolidated financials after board approval.  Net profit after tax reached NT$2.54 billion and EPS of NT$8.89 per share.  Despite the fact that the global tech industries still faced with inflation pressure and geo-political challenges, AI’s advent has brought a breakthrough in technology development and generated tech boom.  Generative AI, AI servers, and HPC (High Performance Computing) have become the focus of the market.  Along with the cloud computing and automated factories bringing in more business opportunities, Wah Lee’s 2025 February sales has reached record high for the same period and grew by double digit YoY.

 

The Board meeting held on March 12^th also passes the resolution to distribute last year’s earnings. The cash dividend is approved to be NT$5.0 per share.  Wah Lee’s long-term stable dividend payout and its return to shareholders has been recognized by value investors.  Wah Lee’s 2024 full year consolidated sales reached NT$80.03 billion with a YoY growth of 19.8%.  Gross profit reached NT$5.96 billion and operating profit came to NT$2.66 billion.  Gross profit and operating profit both reached new highs for the past three years.