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Gordon Auto Body Parts Q2 loss widens 45.4% YOY

Gordon Auto Body Parts Co. Ltd. said its normalized net income for the second quarter was a loss of 5 Taiwan cents per share, compared with a loss of 3 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$8.9 million, compared with a loss of NT$6.1 million in the year-earlier period.

The normalized profit margin fell to negative 1.5% from negative 1.0% in the year-earlier period.

Total revenue increased year over year to NT$598.5 million from NT$583.2 million, and total operating expenses increased year over year to NT$596.8 million from NT$573.9 million.

Reported net income totaled a loss of NT$75.5 million, or a loss of 42 cents per share, compared to a loss of NT$9.0 million, or a loss of 5 cents per share, in the prior-year period.

As of Aug. 11, US$1 was equivalent to NT$32.22.