trending Market Intelligence /marketintelligence/en/news-insights/trending/-aQoJ6ZZloOW2b8oXRCaxQ2 content esgSubNav
In This List

FOCI Fiber Optic Communications Q1 loss widens YOY


Street Talk | Episode 108 - Weighing Fed rate hikes against banks' liquidity crunch


Snapshot: The Ripple Effects of 2023 Bank Failures


Master of Risk | Episode 1: Discussion with Natalia Hunik, CRO, Cubelogic

Case Study

A Private Equity Firm Leverages Technology to Optimize Data Management and Analysis

FOCI Fiber Optic Communications Q1 loss widens YOY

FOCI Fiber Optic Communications Inc. said its normalized net income for the first quarter came to a loss of 47 Taiwan cents per share, compared with a loss of 3 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of NT$35.7 million, compared with a loss of NT$2.1 million in the prior-year period.

The normalized profit margin declined to negative 10.4% from negative 1.0% in the year-earlier period.

Total revenue increased 63.5% year over year to NT$343.2 million from NT$210.0 million, and total operating expenses grew 69.8% on an annual basis to NT$367.9 million from NT$216.7 million.

Reported net income totaled NT$116.8 million, or NT$1.52 per share, compared to a loss of NT$5.7 million, or a loss of 7 cents per share, in the prior-year period.

As of May 13, US$1 was equivalent to NT$32.68.