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Johnson Health Tech Q1 loss widens 48.9% YOY

Johnson Health Tech Co. Ltd. said its first-quarter normalized net income came to a loss of 16 Taiwan cents per share, compared with a loss of 10 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$47.4 million, compared with a loss of NT$31.8 million in the year-earlier period.

The normalized profit margin dropped to negative 1.1% from negative 0.9% in the year-earlier period.

Total revenue rose 28.9% year over year to NT$4.41 billion from NT$3.42 billion, and total operating expenses grew 35.2% year over year to NT$4.58 billion from NT$3.39 billion.

Reported net income totaled a loss of NT$57.8 million, or a loss of 19 cents per share, compared to a loss of NT$57.7 million, or a loss of 19 cents per share, in the year-earlier period.

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