Compal Electronics, Inc. (“Compal”) (TAIEX: 2324) today announced 3Q20 consolidated financial results. With smart device business growth from consumer electronics season demand upcoming, 3Q20 consolidated revenue was NT$269,242M, +2% QoQ and +8% YoY. Consolidated operating profit was NT$3,052M, +28% QoQ, and +26% YoY. Consolidated net profit attributed to the parent company was NT$2,188M, +10% QoQ and +22% YoY. 3Q20 EPS was NT$0.5.
Thanks to work-from-home and remote-education demand, Compal performed a solid business in NB PCs and Smart device, 1-3Q20 consolidated revenue was NT$714,942M, 0.3% YoY. Consolidated operating profit was NT$6,339M, -15% YoY. Net profit attributed to the parent company was NT$4,780M, -3% YoY. 1-3Q20 EPS was NT$1.10.
Compal Electronics, Inc.─ Statement of Comprehensive Income (Consolidated)
NT$ Million |
3Q 2020 |
2Q 2020 |
QoQ |
2Q 2019 |
YoY |
|||
Amount |
% |
Amount |
% |
% |
Amount |
% |
% |
|
Net Sales |
269,242 |
100.0% |
263,654 |
100.0% |
2% |
249,923 |
100.0% |
8% |
Gross Margin |
8,993 |
3.3% |
8,269 |
3.1% |
9% |
8,063 |
3.2% |
12% |
Operating Margin |
3,052 |
1.0% |
2,382 |
0.9% |
28% |
2,420 |
1.0% |
26% |
Non-Op Items |
160 |
463 |
|
87 |
|
|
||
Pre-tax Income |
3,212 |
1.0% |
2,845 |
1.1% |
13% |
2,507 |
1.0% |
28% |
Net Income |
2,557 |
0.8% |
2,186 |
0.8% |
2,044 |
0.8% |
|
|
Net Income to Parent |
2,188 |
0.7% |
1,987 |
0.7% |
10% |
1,800 |
0.7% |
22% |
EPS (NT$) |
0.50 |
0.46 |
|
|
0.41 |
|
|
|
|
|
|
|
|
|
|
|
|
NT$ Million |
1-3Q 2020 |
1-3Q 2019 |
YoY |
|
|
|
||
Amount |
% |
Amount |
% |
% |
|
|
|
|
Net Sales |
714,942 |
100.0% |
712,919 |
100.0% |
0% |
|
|
|
Gross Margin |
23,208 |
3.2% |
24,392 |
3.4% |
-5% |
|
|
|
Operating Margin |
6,339 |
0.9% |
7,501 |
1.1% |
-15% |
|
|
|
Non-Op Items |
807 |
|
-261 |
|
|
|
|
|
Pre-tax Income |
7,146 |
1.0% |
7,240 |
1.0% |
-1% |
|
|
|
Net Income |
5,515 |
0.8% |
5,736 |
0.8% |
|
|
|
|
Net Income to Parent |
4,780 |
0.7% |
4,942 |
0.7% |
-3% |
|
|
|
EPS (NT$) |
1.10 |
|
1.13 |
|
|
|
|
|
Gary Lu Jack Wang
Senior Vice President, Spokesman Vice President, Deputy Spokesman
Tel: 886-2-8797-8588 Tel: 886-2-8797-8588