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Unique Optical Industrial Q1 loss widens 8.9% YOY

Unique Optical Industrial Co. Ltd. said its normalized net income for the first quarter came to a loss of 16 Taiwan cents per share, compared with a loss of 14 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$6.2 million, compared with a loss of NT$5.7 million in the prior-year period.

The normalized profit margin dropped to negative 5.4% from negative 3.8% in the year-earlier period.

Total revenue fell 24.0% on an annual basis to NT$114.7 million from NT$150.9 million, and total operating expenses decreased 24.7% year over year to NT$122.3 million from NT$162.5 million.

Reported net income totaled a loss of NT$9.3 million, or a loss of 23 cents per share, compared to a loss of NT$10.9 million, or a loss of 27 cents per share, in the prior-year period.

As of May 13, US$1 was equivalent to NT$32.68.