Compal Posts Seventh Consecutive Profit as Demand Slows
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Compal Electronics Inc., the world’s second-largest contract maker of notebooks, posted its seventh consecutive decline in profit, missing estimates, as demand for computers slows globally.
First-quarter net income dropped 47 percent to NT$1.87 billion ($63 million) from NT$3.5 billion a year earlier, the Taipei-based company said in a statement. The average of 10 analysts estimates compiled by Bloomberg was for profit of NT$2.28 billion.