Compal Electronics Inc. (CMPCY) Tuesday reported pre-tax income of NT$1.29 billion for the second quarter, significantly lower than NT$4.247 billion in the same quarter a year ago, primarily impacted by decline in sales.
Operating profit decreased to NT$2.624 billion from NT$4.061 billion in the prior year.
Net profit fell to NT$482 million or NT$0.11 per share from NT$2.881 billion or NT$0.66 per share last year.
Sales for the quarter reduced 24% to NT$180.443 billion from NT$237.209 billion in the previous year.
Additionally, the company's Board has approved a $300 million investment plan in the U.S. This includes $225 million allocation to the company's unit, Compal Americas (US) Inc., and setting up of new U.S. subsidiaries by investing $75 million, in order to reduce risks related to tariff policies.
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