CHANGING MARKET? Quanta president C.C. Leung said that the company does not expect work and study patterns to return to how they were before COVID-19 began

Taipei Times
Date: May 15, 2020
By Natasha Li / Staff reporter

Contract laptop maker Quanta Computer Inc (廣達電腦) yesterday posted a 17.4 year-on-year decline in net profit for last quarter to NT$2.58 billion (US$86.15 million) due to delayed production amid a COVID-19 outbreak in China.

Earnings per share decreased to NT$0.67, the lowest in nine years.

First-quarter revenue dropped 14 percent on an annual basis to NT$190.29 billion, while gross margin shrank by 0.12 percentage points to 4.85 percent due to a less-profitable product mix, Quanta chief financial officer Elton Yang (楊俊烈) told investors in a teleconference.

While the company last quarter shipped 7.3 million laptops due to strong orders in March, flat from the same period a year earlier, a significant portion of its shipments were made up of Chromebooks, which have a lower average selling price and margin, Yang said.
[FULL  STORY]