GameSparcs 2024 First Quarter Consolidated Financial Results - A pioneer of global games and technology | XSGroup

GameSparcs (6542) announced the 2024 first quarter consolidated financial report. The consolidated revenue for the first quarter amounted to NT$224.936 million, marking a 14.69% increase over the previous quarter. Operating gross profit stood at NT$180.389 million, with a quarter-on-quarter increase of 17.11%, achieving a gross profit margin of 80.20%, surpassing the previous quarter's level. Operating profit reached NT$42,700 thousand, reflecting a 9.18% increase over the quarter. Benefiting from the appreciation of the US dollar and recognition of exchange gains, the net profit after tax for the first quarter amounted to NT$39.139 million, representing a significant increase of 92.21% over the quarter. Compared to the same period last year, revenue grew by 16.23%, operating profit by 23.47%, and net profit after tax by 62.14%. The EPS for the quarter was NT$0.93, outperforming the same period last year. The board also decided on the record date and payment date for cash dividends of 2023, setting July 8th as the record date and July 25th as the payment date.

GameSparcs continues to deepen corporate governance and enhance sustainable development, including safeguarding shareholder rights, strengthening the functioning of the board of directors, enhancing information disclosure transparency, and promoting sustainable development. As a result, its ranking in the tenth "Corporate Governance Evaluation" disclosed by the Taiwan Stock Exchange has continued to rise, placing it among the top 21-35% of over-the-counter listed companies and among the top 11-20% of listed companies with a market value below NT$5 billion. On the environmental front, GameSparcs has proactively complied with regulatory requirements and deadlines for greenhouse gas inventory operations, striving to achieve net-zero carbon emissions and address climate-related issues. On the social front, it has organized consecutive corporate beach clean-up activities and tree planting events, contributing to urban greening efforts and local environmental conservation. In terms of corporate governance, it has established a ESG task force to formulate and implement sustainable development policies and specific action plans, demonstrating its commitment not only to steady business growth but also to collaborative efforts with stakeholders to achieve sustainable operations. In the future, GameSparcs will continue to uphold its core values of Advance, Coexistence, and Evolution, fostering a positive cycle and creating greater value.