Compal Electronics : 2018 Financial Results & Earning Distribution Press Release

Compal Electronics, Inc. ('Compal') (TAIEX: 2324) today announced 2018 consolidated financial results. 2018 consolidated revenue was NT$967,706 million, +9% YoY, contributed by both PCs and Smart Devices growth. Consolidated OP profit was NT$9,262 million, +1% YoY. Non-Op was mainly contributed by LCFC (HK) disposal gains of NT$2,511 million in 3Q18. Consolidated net profit attributed to the parent company was NT$8,913 million, +55% YoY. 2018 EPS was NT$2.05. Compal Board of Directors today also approved NT$1.2 cash dividends per share for year 2018.

4Q18 consolidated revenue was NT$280,302 million, +11% QoQ. Given the enlarged scale and higher capacity utilization, consolidated OP profit increased by 40% QoQ to NT$2,677 million. Consolidated net profit contributed to the parent company was NT$1,695 million. 4Q18 EPS was NT$0.39.

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

	2018		2017		YoY
	Amount	%	Amount	%	%
Net sales	967,706	100.0%	887,657	100.0%	9%
Gross margin	30,567	3.2%	31,965	3.6%	-4%
Operating margin	9,262	1.0%	9,208	1.0%	1%
Non-op items	2,528		-1,094
Pre-tax income	11,790	1.2%	8,114	0.9%	45%
Net income	9,589	1.0%	6,158	0.7%	56%
Net income to Parent	8,913	0.9%	5,750	0.6%	55%
EPS (NT$)	2.05		1.32

	4Q 2018		3Q 2018		QoQ	4Q 2017		YoY
	Amount	%	Amount	%	%	Amount	%	%
Net sales	280,302	100.0%	253,408	100.0%	11%	254,840	100.0%	10%
Gross margin	8,755	3.1%	7,389	2.9%	18%	8,391	3.3%	4%
Operating margin	2,677	1.0%	1,906	0.8%	40%	2,446	1.0%	9%
Non-op items	-116		2,471			141
Pre-tax income	2,561	0.9%	4,377	1.7%	-41%	2,587	1.0%	-1%
Net income	1,855	0.7%	3,862	1.5%	-52%	2,186	0.9%	-15%
Net income to Parent	1,695	0.6%	3,733	1.5%	-55%	2,098	0.8%	-19%
EPS (NT$)	0.39		0.86			0.48

Compal Electronics, Inc.

Gary Lu

CFO, Senior vice president and Spokesman

[phone]

[e-mail]