Compal Electronics, Inc. (“Compal”) (TAIEX: 2324) today announced 3Q22 consolidated financial results. 3Q22 consolidated revenue grew by 10% QoQ to NT$291,032 million. Given the continued operational efficiency enhancement, gross profits grew by 14% QoQ to NT$10,984 million, with gross margin lifted to 3.8%. Operating profits also grew by 14% QoQ to NT$2,245 million, with operating margin of 0.8% in 3Q22. Net income attributed to the parent company was NT$2,040 million, increased by 1% QoQ. 3Q22 EPS was NT$0.47.
1-3Q22 consolidated revenue was impacted by the softer end demand, thus dropped by 5% YoY to NT$824,540 million. Gross profits increased by 5% YoY to NT$30,395 million, while higher operating expenses caused by the shipping costs and inflations, resulted in operating profit dropped by 25% YoY to NT$7,032 million in 1-3Q22. Net income attributed to the parent company was NT$6,214 million, decreased by 34% YoY. 1-3Q22 EPS was NT$1.43.
Compal Electronics, Inc.─ Statement of Comprehensive Income (Consolidated)
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