trending Market Intelligence /marketintelligence/en/news-insights/trending/8kb6dbnBYh7TZDEH5WU8VQ2 content esgSubNav
In This List

Mr Onion Q1 profit falls YOY

The Cobalt Expansion Drive Is A Copper Story


IPEM 2023: Industry Outlook & Key Takeaways- In Crisis Lies Opportunity


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


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

Mr Onion Q1 profit falls YOY

Mr. Onion Corp. said its normalized net income for the first quarter came to 61 Taiwan cents per share, a decrease of 41.6% from NT$1.04 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$8.9 million, a decline of 41.9% from NT$15.3 million in the prior-year period.

The normalized profit margin declined to 4.1% from 6.9% in the year-earlier period.

Total revenue declined on an annual basis to NT$216.3 million from NT$220.3 million, and total operating expenses grew on an annual basis to NT$203.0 million from NT$196.8 million.

Reported net income declined 46.6% year over year to NT$10.8 million, or 74 cents per share, from NT$20.3 million, or NT$1.38 per share.

As of July 7, US$1 was equivalent to NT$31.08.