Compal Electronics, Inc. ("Compal") (TAIEX: 2324) today announced its 1Q24 consolidated financial results. 1Q24 consolidated revenue decreased by 17% quarter-over-quarter (QoQ) and 5% year-over-year (YoY) to NT$199,571 million. Despite the lower revenues due to seasonality, the company continued its efforts to improve product mix and increase efficiency. Therefore, the 1Q24 gross margin and operating margin improved to 4.91% and 1.42%, respectively, contributing to the 26% YoY growth of operating profits to NT$2,838 million. Furthermore, with the non-operating items turning profitable, the 1Q24 consolidated net profit attributable to the parent company increased by 36% YoY to NT$1,891 million. The 1Q24 earnings per share (EPS) were NT$0.43.

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

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Compal Electronics Inc. published this content on 13 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2024 08:19:05 UTC.