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EST Global Apparel Q2 loss narrows YOY

6675519 said its normalized net income for the second quarter was a loss of NT$132,500, compared with a loss of NT$873,750 in the year-earlier period.

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

The normalized profit margin increased to negative 0.1% from negative 2.7% in the year-earlier period.

Total revenue rose on an annual basis to NT$100.5 million from NT$33.0 million, and total operating expenses grew from the prior-year period to NT$100.5 million from NT$35.0 million.

Reported net income totaled a loss of NT$212,000, or a loss of 1 cents per share, compared to income of NT$20,000, or 0 cents per share, in the year-earlier period.

s of Aug. 15, US$1 was equivalent to NT$31.33.EST Global Apparel Co. Ltd.

6675519 said its normalized net income for the second quarter was a loss of NT$132,500, compared with a loss of NT$873,750 in the year-earlier period.