Compal Result 10/05/2017

Compal announced its FY17 Q1 result with consolidated revenues of NT$187.4 billion ($6.23 billion) and net profit of NT$1.1 billion ($36.5 million). The revenue was down 15% on a quarterly basis but was up by 6% on a yearly basis on account of the recovery of the PC business. The net profits were down sharply both sequentially and year-on-year because of currency exchange losses and its bad debt from LeEco.

The company expects its PC shipments to reach around 40 million units in 2017, up 10% on yearly basis, better than the market average.