Compal Electronics, Inc. (“Compal”) (TAIEX: 2324) today announced 1-3Q17 consolidated financial results. Consolidated revenue was NT$632,816 million, +16% YoY, contributed by the growth of both computing products and smart devices. Consolidated operating profit was NT$6,762 million, -22% YoY, which was impacted by the NT$3,588 million inventory and A/R impairment loss from Leshi in 1H17. Consolidated net profit was NT$3,972 million, and net profit attributed to the parent company was NT$3,652 million. Earnings per share (EPS) was NT$0.84 in 1-3Q17.
Consolidated revenue in 3Q17 was NT$231,609 million, +8% QoQ and +17% YoY. Consolidated operating profit was NT$2,920 million, -16% YoY, as the result of product and customer mix change. Consolidated net profit was NT$2,447 million, and net profit contributed to the parent company was NT$2,324 million. EPS was NT$0.53 in 3Q17.
Compal Electronics, Inc. Statement of Comprehensive Income- 1-3Q17 (NT$ Million)
|
1-3Q 2017 |
1-3Q 2016 |
YoY |
||
|
Amount |
% |
Amount |
% |
% |
Net sales |
632,816 |
100.0% |
547,471 |
100.0% |
16% |
Gross margin |
23,573 |
3.7% |
23,801 |
4.3% |
-1% |
Operating margin |
6,762 |
1.1% |
8,655 |
1.6% |
-22% |
Non-op items |
-1,234 |
|
-588 |
|
|
Pre-tax income |
5,528 |
0.9% |
8,067 |
1.5% |
-31% |
Net income |
3,972 |
0.6% |
6,182 |
1.1% |
-36% |
Net income to Parent |
3,652 |
0.6% |
5,518 |
1.0% |
-34% |
EPS (NT$) |
0.84 |
|
1.27 |
|
|
Compal Electronics, Inc. Statement of Comprehensive Income- 3Q17 (NT$ Million)
3Q 2017 |
2Q 2017 |
QoQ |
3Q 2016 |
YoY |
||||
|
Amount |
% |
Amount |
% |
% |
Amount |
% |
% |
Net sales |
231,609 |
100.0% |
213,780 |
100.0% |
8% |
197,887 |
100.0% |
17% |
Gross margin |
7,940 |
3.4% |
7,808 |
3.7% |
2% |
8,693 |
4.4% |
-9% |
Operating margin |
2,920 |
1.3% |
892 |
0.4% |
227% |
3,463 |
1.7% |
-16% |
Non-op items |
58 |
|
202 |
|
|
-618 |
|
|
Pre-tax income |
2,978 |
1.3% |
1,094 |
0.5% |
172% |
2,845 |
1.4% |
5% |
Net income |
2,447 |
1.1% |
417 |
0.2% |
487% |
2,379 |
1.2% |
3% |
Net income to Parent |
2,324 |
1.0% |
254 |
0.1% |
815% |
2,180 |
1.1% |
7% |
EPS (NT$) |
0.53 |
|
0.06 |
|
|
0.50 |
|
Compal Electronics, Inc.
Gary Lu
CFO, Senior vice president and Spokesman
+886-2-87978588