Compal Electronics, Inc. (“Compal”) (TAIEX: 2324) today announced 1Q17 consolidated financial results. Consolidated revenue in 1Q17 was NT$187,428 million, -15% QoQ but +6% YoY, mainly due to the recovery of PC business. Consolidated operating profit was NT$2,949 million, +22% QoQ and +6% YoY, with the operating margin rate of 1.6% in 1Q17. Consolidated net profit was NT$1,108 million, and net profit contributed to the parent company was NT$1,073 million. EPS was NT$0.25 in 1Q17.
Compal Board of Directors today also approved earning distribution for year 2016, with total NT$1.2 dividend in cash.
Compal Electronics, Inc. Statement of Comprehensive Income 1Q17 (NT$ Million)
|
|
1Q 2017 |
4Q 2016 |
QoQ |
1Q 2016 |
YoY |
|||
|
|
Amount |
% |
Amount |
% |
% |
Amount |
% |
% |
|
Net sales |
187,428 |
100.0% |
219,339 |
100.0% |
-15% |
176,650 |
100.0% |
6% |
|
Gross margin |
7,824 |
4.2% |
9,036 |
4.1% |
-13% |
7,482 |
4.2% |
5% |
|
Operating margin |
2,949 |
1.6% |
2,409 |
1.1% |
22% |
2,776 |
1.6% |
6% |
|
Non-op items |
-1,494 |
|
1,337 |
|
|
-477 |
|
|
|
Pre-tax income |
1,455 |
0.8% |
3,746 |
1.7% |
-61% |
2,299 |
1.3% |
-37% |
|
Net income |
1,108 |
0.6% |
2,786 |
1.3% |
-60% |
1,746 |
1.0% |
-37% |
|
Net income to Parent |
1,073 |
0.6% |
2,613 |
1.2% |
-59% |
1,601 |
0.9% |
-33% |
|
EPS (NT$) |
0.25 |
|
0.61 |
|
|
0.37 |
|
|
Compal Electronics, Inc.
Gary Lu
CFO, Senior vice president and Spokesman
Tele: 886-2-87978588