YAGEO Reported 2024 June Consolidated Sales of NT$ 10.004 Billion
2024/07/08YAGEO Corporation announced today its 2024 June consolidated sales of NT$ 10.004 billion, down 6.6% m-o-m but up 14.0% y-o-y. 2Q24 consolidated sales was NT$ 31.419 billion, up 10.2% q-o-q and up 17.3% y-o-y, setting a record high for quarterly revenue. The YTD consolidated sales achieved NT$ 59.923 billion, up 13.3% y-o-y.
June’s consolidated sales was lower than previous month due to fewer working days caused by semi-annual inventory counting in Greater China plants and customers’ mid-year stocktaking, while solid pull-in momentum continues from AI-related application customers.
Moving forward to the next quarter, although uncertainties such as global inflation and international conflicts remain, customer inventories have continuously trended towards healthy levels. The company will closely monitor market supply and demand dynamics and increase capacity utilization to respond to market conditions, remaining optimistic about the operational momentum and future outlook of AI applications.
