Compal Electronics, Inc. (“Compal”) (TAIEX: 2324) today announced 1Q22 consolidated financial results. 1Q22 consolidated revenue decreased by 27% QoQ and 1% YoY to NT$267,858 million. Benefit from the product mix and enhanced operational efficiency, consolidated gross margin was sequentially improved to 3.6%. However, offset by the higher operating expense ratio, 1Q22 operating margin contracted to 1.0%, which resulted in the operating profits decreased by 28% QoQ and 14% YoY to NT$2,810 million. Consolidated net profit contributed to the parent company was NT$2,157 million, -32% QoQ and -18% YoY. 1Q22 EPS was NT$0.50.
Compal Electronics, Inc.─ Statement of Comprehensive Income (Consolidated)
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