Compal Electronics, Inc. (“Compal”) (TAIEX: 2324) today announced 1Q18 consolidated financial results. Consolidated revenue in 1Q18 was NT$196,112 million, -23% QoQ but +5% YoY. Consolidated operating profit was NT$2,054 million, -16% QoQ and -30% YoY, with the operating margin rate of 1.0%, given the continued impact from unfavorable currency move and product mix. Consolidated net profit was NT$1,583 million, and net profit contributed to the parent company was NT$1,393 million, -34% QoQ but +30% YoY. EPS was NT$0.32 in 1Q18.
Compal Board of Directors today also approved the earning distribution for year 2017, with total NT$1.2 dividends in cash.
Compal Electronics, Inc.─Statement of Comprehensive Income (Consolidated) (NT$ Million)
|
1Q 2018 |
4Q 2017 |
QoQ |
1Q 2017 |
YoY |
||||
|
|
Amount |
% |
Amount |
% |
% |
Amount |
% |
% |
|
Net sales |
196,112 |
100.0% |
254,840 |
100.0% |
-23% |
187,428 |
100.0% |
5% |
|
Gross margin |
6,623 |
3.4% |
8,391 |
3.3% |
-21% |
7,824 |
4.2% |
-15% |
|
Operating margin |
2,054 |
1.0% |
2,446 |
1.0% |
-16% |
2,949 |
1.6% |
-30% |
|
Non-op items |
-132 |
|
141 |
|
|
-1,494 |
|
|
|
Pre-tax income |
1,922 |
1.0% |
2,587 |
1.0% |
-26% |
1,455 |
0.8% |
32% |
|
Net income |
1,583 |
0.8% |
2,186 |
0.9% |
-28% |
1,108 |
0.6% |
43% |
|
Net income to Parent |
1,393 |
0.7% |
2,098 |
0.8% |
-34% |
1,073 |
0.6% |
30% |
|
EPS (NT$) |
0.32 |
|
0.48 |
|
|
0.25 |
|
|
Compal Electronics, Inc.
Gary Lu
CFO, Senior vice president and Spokesman
+886-2-87978588