Asustek first-quarter net profit soars 10-fold
Asustek Computer Inc (華碩電腦) yesterday said that its net profit last quarter soared about 10-fold to NT$9.79 billion (US$350.21 million) from a year earlier, aided by strong demand for PCs amid work and study-from-home trends due to the COVID-19 pandemic. Last quarter was the best first quarter in the company’s history. Asustek posted a net profit of NT$888 million in the first quarter of last year. On a quarterly basis, net profit contracted 1 percent from NT$9.85 billion. Earnings per share rose to NT$13.2 last quarter from NT$1.2 a year earlier, the company said. Gross margin im...