Compal Electronics, Inc. (“Compal”) (TAIEX: 2324) today announced 1Q23 consolidated financial results. 1Q23 consolidated revenue decreased by 16% QoQ and 22% YoY to NT$209,459 million. Despite the lower revenues on seasonality, the company continued the efforts on better product mix, increasing efficiency, and operating expense control. Therefore, 1Q23 gross margin and operation margin improved to 4.5% and 1.1% respectively, which contribute to the 3% QoQ growth of operating profits to NT$2,254 million. Furthermore, with the non-op expenses and losses reduced, 1Q23 consolidated net profit contributed to the parent company increased by 30% QoQ to NT$1,393 million, and YoY decline has been further narrowed. 1Q23 EPS was NT$0.32.
Compal Electronics, Inc.─ Statement of Comprehensive Income (Consolidated)
Gary Lu Jack Wang
Senior Vice President, Spokesman Vice President, Deputy Spokesman
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