Taiwan’s Compal reports surge in Q1 profit

TAIPEI, April 28 (BestGrowthStock) – Taiwan’s Compal Electronics
(2324.TW: ), the world’s No. 2 contract laptop maker, posted a
surge in quarterly earnings on Wednesday amid rising demand for
computers globally.

Compal earned a net profit of T$8.52 billion ($272 million)
in January-March, compared with T$2.8 billion the same period a
year ago, the company said.

Analysts were expecting Compal to earn T$6.042 billion in the
first quarter.

On Monday, sector leader Quanta Computer (2382.TW: ) forecast
rising shipments for the second quarter after posting slightly
stronger-than-expected first-quarter earnings that could bode
well for clients such as Hewlett-Packard (HPQ.N: ). [ID:nTOE63M05X]

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(Reporting by Roger Tung, Editing by Jonathan Standing)

Taiwan’s Compal reports surge in Q1 profit