trending Market Intelligence /marketintelligence/en/news-insights/trending/5ENVjTRSW1UJAuHnoIGhcg2 content esgSubNav
In This List

Mutto Optronics Q1 loss narrows YOY

The Cobalt Expansion Drive Is A Copper Story

Podcast

Maritime and Trade Talk | EP12: Oil Price Cap - Implications for Trade and Shipping Risk

Podcast

Maritime and Trade Talk | E10: Navigating Maritime Risks from an Insurers’ Perspective?

Podcast

Maritime and Trade Talk | Episode 11: Trade Outlook - Response To Geopolitical Events


Mutto Optronics Q1 loss narrows YOY

Mutto Optronics Corp. said its first-quarter normalized net income amounted to a loss of 14 Taiwan cents per share, compared with a loss of 70 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of NT$7.9 million, compared with a loss of NT$52.8 million in the year-earlier period.

The normalized profit margin increased to negative 11.9% from negative 18.4% in the year-earlier period.

Total revenue fell 76.8% year over year to NT$66.5 million from NT$286.2 million, and total operating expenses declined 80.1% from the prior-year period to NT$77.8 million from NT$390.2 million.

Reported net income came to a loss of NT$9.2 million, or a loss of 16 cents per share, compared to a loss of NT$308.9 million, or a loss of NT$4.11 per share, in the year-earlier period.

As of May 15, US$1 was equivalent to NT$30.44.