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Taiwan Indigena Botanica Q2 loss widens 16.3% YOY

Taiwan Indigena Botanica Co. Ltd. said its second-quarter normalized net income was a loss of 19 Taiwan cents per share, compared with a loss of 17 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$5.2 million, compared with a loss of NT$4.5 million in the year-earlier period.

Total revenue declined 69.3% year over year to NT$1.4 million from NT$4.6 million, and total operating expenses decreased 11.8% from the prior-year period to NT$11.3 million from NT$12.8 million.

Reported net income came to a loss of NT$9.5 million, or a loss of 34 cents per share, compared to a loss of NT$7.1 million, or a loss of 28 cents per share, in the prior-year period.

As of Aug. 15, US$1 was equivalent to NT$31.33.