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ELTA-Innovation (8487) Holds 2024 Shareholders’ Meeting – Operational Performance Hits New Highs
May 21, 2024
ELTA Technology 【ELTA-Innovation (8487)】 held its 2024 Annual Shareholders’ Meeting today (June 21), during which the 2023 financial statements and earnings distribution proposal were approved. For fiscal year 2023, ELTA recorded operating revenue of NT$968,411 thousand, remaining roughly consistent with NT$981,131 thousand in 2022. Net profit after tax reached NT$136,163 thousand, representing an increase of NT$75,023 thousand from the NT$61,140 thousand recorded in 2022—a substantial growth of 122.71%. Basic earnings per share (EPS) for 2023 were NT$5.98, marking an impressive 112.81% increase compared to NT$2.81 in 2022.
The shareholders’ meeting also approved the 2023 earnings distribution plan, which includes a proposed cash dividend of NT$4.5 per share. Based on a recent share price of NT$80, this represents a cash dividend yield of 5.62%.
Reviewing the 2023 operational performance, ELTA achieved historic highs in net profit after tax, earnings per share, and cash dividend per share—all record-breaking milestones in the company’s 24-year history. Notably, the company’s return on equity (ROE) reached an outstanding 31.88%, thanks to the collective efforts of all employees.
Additionally, ELTA’s business performance in the first quarter of 2024 continued to meet market expectations. Despite the absence of a major event such as last year’s World Baseball Classic, the company still posted an EPS of NT$1.08 for the quarter—further underscoring its “no off-season” operational goal.
Looking ahead to full-year 2024, the upcoming Paris Olympics in July and numerous exciting domestic and international sports events will serve as major growth catalysts. With sports broadcasting as its core driver and entertainment content as a complement, ELTA will continue leveraging its dual-platform strategy across MOD and OTT, integrating strong subscription and advertising performance. The year 2024 is expected to be one of steady growth with strong breakout potential.