trending Market Intelligence /marketintelligence/en/news-insights/trending/3krx4cmYpb66wf2He1CZVw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Hi Sharp Electronics swings to profit in Q1

Blog

ESG hits the mainstream for European private equity sponsors

Blog

What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcast

Episode 3: Transformation of Customer Experience in 2020


Hi Sharp Electronics swings to profit in Q1

Hi Sharp Electronics Co. Ltd. said its first-quarter normalized net income amounted to NT$29,000, compared with a loss of NT$6.3 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 0.0% from negative 4.0% in the year-earlier period.

Total revenue increased 19.2% on an annual basis to NT$188.4 million from NT$158.1 million, and total operating expenses rose 13.1% from the prior-year period to NT$186.0 million from NT$164.5 million.

Reported net income came to NT$420,000, or 1 cents per share, compared to a loss of NT$9.2 million, or a loss of 22 cents per share, in the prior-year period.

As of May 16, US$1 was equivalent to NT$32.63.