Nov. 9, 2017
Compal Announce 1-3Q 2017 & 3Q 2017 Financial Results

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

Investor@compal.com