By: Jeffrey Wu
Taipei, Aug. 11 (CNA) Taiwan’s Inventec Corp. (英業達), one of the world’s largest
contract laptop makers, reported Tuesday its lowest quarterly net income in the past 10 quarters as expenses and exchange losses rose.
The Taipei-based company, which assembles laptops for Hewlett-Packard Co. and Dell Inc., said its second-quarter net income stood at NT$931 million (US$28.86 million), the lowest level since it posted NT$342 million in the fourth quarter of 2012.
The April-June net profit declined by 27 percent from the previous quarter and by 38 percent from a year ago, as Inventec booked an exchange rate loss of NT$87 million and increasing operating expenses for the quarter. [FULL STORY]