trending Market Intelligence /marketintelligence/en/news-insights/trending/5Kqmm07_2T3bm5L9oRJwow2 content esgSubNav
In This List

Chia Tai Enterprises Q3 profit falls YOY

Podcast

Next in Tech | Episode 66: Connected vehicles in transition

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten


Chia Tai Enterprises Q3 profit falls YOY

Chia Tai Enterprises International Ltd. said its third-quarter normalized net income came to $1.4 million, a fall of 8.2% from $1.5 million in the year-earlier period.

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

The normalized profit margin rose to 5.3% from 5.1% in the year-earlier period.

Total revenue fell 12.0% on an annual basis to $25.8 million from $29.4 million, and total operating expenses decreased 19.1% on an annual basis to $22.6 million from $27.9 million.

Reported net income totaled $1.7 million, compared with $2.2 million in the year-earlier period.