Summary by Futu AI
WIIDA GROUP ANNOUNCED ITS ANNUAL RESULTS FOR THE YEAR ENDED MARCH 31, 2024. THE GROUP'S REVENUE DECREASED BY 4.3% COMPARED TO THE SAME PERIOD LAST YEAR TO US$21 BILLION, BUT THE GROSS MARGIN INCREASED FROM 28.3% TO 29.6%, AND THE COMPANY'S SHAREHOLDERS EXPECTED PROFIT TO INCREASE BY 11.7% TO US$1,660 MILLION. The final dividend was 48.0 cents per ordinary share and the total dividend for the full year was 65.0 cents per ordinary share, an increase of 10.2% from the previous fiscal year. In addition, Weida successfully acquired the assets of Gigaset Communications GmbH, and the financial situation remained stable. The Board of Directors proposes that a final dividend of 48.0 cents per common share be distributed on 8 August 2024 to shareholders listed on the Register of Shareholders of the Company at the close of business on 30 July 2024.