Quanta net profit jumps 57% annually

VIRUS DEMAND: The contract computer maker shipped 14.5 million laptops, a 99 percent increase from the first quarter and a 67 percent increase from a year earlier

Taipei Times
Date: Aug 14, 2020
By: Angelica Oung / Staff reporter

Quanta vice chairman C.C. Leung, left, and chairman Barry Lam attend an investors’ conference in Taipei yesterday.
Photo: CNA

Quanta Computer Inc (廣達電腦), the world’s biggest contract notebook computer maker, yesterday reported 57 percent annual growth in net profit in the second quarter, saying that it expects robust laptop demand to drive double-digit percentage growth in laptops shipped this year.

The company’s growth could be compromised by shortages of key components, the company said.

Net profit last quarter expanded to NT$6.25 billion (US$211.61 million) from NT$3.97 billion a year earlier. That represented quarterly growth of 142.4 percent from NT$2.58 billion. Earnings per share rose to NT$1.62, compared with NT$0.67 in the first quarter and NT$ 1.03 a year earlier.

Gross margin improved to 6.21 percent, compared with 4.85 percent in the first quarter and 4.77 percent a year earlier.    [FULL  STORY]

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