Most of the problems appear to be from foreign exchange transactions and interest income affected profitability in 2015. In fact  revenues were up 8.7 per cent on year to NT$1 trillion, with a gross margin of 4.6 per cent  and an operating margin of 1.8 per cent.

It might also not just be the currency problems which is causing Quanta to suffer, and things might get worse next year. A couple of weeks ago Quanta forecast that its notebook computer shipments would drop by more than 6 percent annually this year, deeper than the industry’s consensus estimate of a 5 to 6 percent decline in global notebook shipments.

“We are more conservative about the outlook for the industry this year, as order visibility is really unclear. This year is likely to be another challenging one for notebooks,” a Quanta investor relations official told the Taipai Times.

The contract notebook maker shipped 4.6 million units in the first two months, down more than 20 percent from 5.9 million units it shipped in the same period last year.