Compal Electronics (TAIEX: 2324) today reported consolidated financial results for 2Q24. Consolidated revenue surged 19% sequentially to NT$237.209 billion, driven by growth in both PC and Non-PC segments, including smartphone, wearables and servers. The company's ongoing focus on product refinement, efficiency gains, and cost management led to gross margin and operating margin improvements to 5.0% and 1.7%, respectively in 2Q24. Operating profit climbed 43% sequentially and 47% YoY to NT$4.061 billion. Consolidated net profit attributable to the parent company soared 52% sequentially and 38% YoY to NT$2.881 billion, resulting in earnings per share (EPS) of NT$0.66.

Despite a 4% YoY decline in consolidated revenue to NT$436.780 billion for 1H24, net profit attributable to the parent company surged 37% YoY to NT$4.772 billion due to the company's profit-focused strategy. 1H24 EPS reached NT$1.10.

Compal Electronics, Inc.─ Statement of Comprehensive Income (Consolidated)

Media Contact

Jack Wang    Vice President, Spokesperson       (02)8797-8588     Investor@compal.com

Tina Chang   Director, Deputy Spokesperson    (02)8797-8588     Investor@compal.com