Compal Electronics, Inc. (“Compal”) (TAIEX: 2324) today announced 1Q16 consolidated financial results. Consolidated revenue in 1Q16 was NT$176,650 million, down 25% QoQ and 11% YoY. Consolidated operating profit was NT$2,776 million, down 10% QoQ and 14% YoY. With the continued efforts on operational efficiency, product mix enhancement, and expense control, 1Q16 operating margin rate improved to 1.6% from last quarter’s level. Consolidated net profit was NT$1,746 million, and net profit contributed to the parent company was NT$1,601 million. 1Q16 EPS was NT$0.37.
Compal Board of Directors today also approved earning distribution for year 2015, with total NT$1.2 dividend in cash.
Compal Electronics, Inc. Statement of Comprehensive Income 1Q16 (NT$ Million)
|
|
1Q 2016 |
4Q 2015 |
QoQ |
1Q 2015 |
YoY |
|||
|
|
Amount |
% |
Amount |
% |
% |
Amount |
% |
% |
|
Net sales |
176,750 |
100.0% |
234,298 |
100.0% |
-25% |
198,112 |
100.0% |
-11% |
|
Gross margin |
7,482 |
4.2% |
9,054 |
3.9% |
-17% |
8,559 |
4.3% |
-13% |
|
Operating margin |
2,776 |
1.6% |
3,084 |
1.3% |
-10% |
3,222 |
1.6% |
-14% |
|
Non-op items |
-477 |
|
-22 |
|
|
-647 |
|
|
|
Pre-tax income |
2,299 |
1.3% |
3,062 |
1.3% |
-25% |
2,575 |
1.3% |
-11% |
|
Net income |
1,746 |
1.0% |
2,413 |
1.0% |
|
2,022 |
1.0% |
|
|
Net income to Parent |
1,601 |
0.9% |
2,273 |
1.0% |
-30% |
2,016 |
1.0% |
-21% |
|
EPS (NT$) |
0.37 |
|
0.53 |
|
|
0.47 |
|
|
Compal Electronics, Inc.
Gary Lu
Senior vice president and Spokesman
Tele: 886-2-87978588