Compal, if you know is the manufacturing partner of Nokia which produces Lumia devices for Nokia. This company was not profitable for most of the 2011 and reported loss of about NT$475 million recorded in the first three-quarters of the year 2011.
Now good news is that, with increased shipments of Lumia devices in Q4 2011, it booked profits of nearly NT$309 million (US$10.44 million) in Q4 2011.
Better news is that, Compal has also seen its shipments of smartphones continue growing since 2012 with its monthly revenues hitting a 5-year high of NT$5.95 billion in February, according to company data.
This is very encouraging and positive trend for Lumia’s acceptance and increasing sales in markets with time.
Read more from the digitimes article below,
Buoyed by increased shipments to Nokia, Compal swung back to profitability in the fourth quarter of 2011, generating net profits of NT$309 million (US$10.44 million) in the quarter, compared to total losses of NT$475 million recorded in the first three quarters of the year.
Compal has also seen its shipments of smartphones continue growing since 2012 with its monthly revenues hitting a 5-year high of NT$5.95 billion in February, according to company data.
