trending Market Intelligence /marketintelligence/en/news-insights/trending/4O8Kul_0L4p4O-pxdnsuHw2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Ching Feng Home Fashions swings to profit in Q3

Gender Parity within German Banks


Episode 14: A Quantum of Technology


Deal Trends in Latin America, Issue 13


Capital Markets View April 2021

Ching Feng Home Fashions swings to profit in Q3

Ching Feng Home Fashions Co. Ltd. said its normalized net income for the third quarter was 6 Taiwan cents per share, compared with a loss of 22 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 NT$8.6 million, compared with a loss of NT$28.4 million in the prior-year period.

The normalized profit margin rose to 1.1% from negative 4.0% in the year-earlier period.

Total revenue climbed 11.3% year over year to NT$789.9 million from NT$710.0 million, and total operating expenses climbed on an annual basis to NT$762.9 million from NT$742.1 million.

Reported net income totaled NT$1.4 million, or 1 cents per share, compared to a loss of NT$44.2 million, or a loss of 34 cents per share, in the prior-year period.

As of Nov. 16, US$1 was equivalent to NT$32.83.