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Quanta Q2 profit sinks to 10-quarter low

Quanta Q2 profit sinks to 10-quarter low

Taipei, Aug. 14 (CNA) Quanta Computer Inc., the world's largest contract manufacturer of notebook computers, reported Wednesday its lowest quarterly profit in the past 10 quarters, citing weak demand for personal computers. Quanta's second-quarter net income was NT$4.02 billion (US$134 million), coming out to NT$1.05 earnings per share (EPS), a drop from the previous quarter which saw net income of NT$4.45 billion for an EPS of NT$1.16. This is the lowest EPS the company has seen since the fourth quarter of 2010, when it sank to NT$0.61. Meanwhile, profits in the second quarter tumbled 9.7 percent quarter-on-quarter and 32.9 percent year-on-year. Consolidated revenue was NT$191 billion for April-June, down 3.3 percent from the year's first quarter, but the company's operating margin managed to improve over the same period, from 1.3 percent to 1.45 percent. Quanta shares ended 0.16 percent higher at NT$63.8 Wednesday in Taipei, before the company announced its latest quarterly data. (By Jeffrey Wu)


Updated : 2021-06-18 08:20 GMT+08:00