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Despite Lower Results, Compal Net Profit Up 8% in 1H 2016
August 15, 2016 | Compal Electronics Inc.Estimated reading time: Less than a minute
Compal Electronics Inc. has announced consolidated revenue of NT$349.585 billion ($11.16 billion) for the first half of 2016, down by 12% compared to the same period last year, mainly due to the softer consumer demands.
Consolidated operating profit was NT$5.192 billion, a decrease of -8% year-on-year. Given the company’s continued efforts on operational efficiency and product mix enhancement, operating margin rate went up to 1.49% from 1.42% a year ago. Non-operating items also improved YoY due to higher investment incomes and reduced foreign exchange losses. Overall, consolidated net profit was NT$3.803 billion, an increase of 8% YoY. Net profit attributed to the parent company was NT$3.338 billion.
Consolidated revenue in the second quarter of 2016 was NT$172.935 billion, down by 2% from the previous quarter and a decrease of 13% YoY. Consolidated operating profit was NT$2.416 billion, down by 13% quarter-on-quarter but flat from last year. With the improvement in non-operating items, consolidated net profit was NT$2.057 billion, an increase of 18% QoQ and up by 38% YoY. Net profit contributed to the parent company was NT$1.737 billion. EPS was NT$0.40 in 2Q16.
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