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Macronix International Q1 loss widens YOY

Macronix International Co. Ltd. said its normalized net income for the first quarter came to a loss of 32 Taiwan cents per share, compared with a loss of 13 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$555.0 million, compared with a loss of NT$219.3 million in the prior-year period.

The normalized profit margin fell to negative 10.9% from negative 4.7% in the year-earlier period.

Total revenue rose 8.1% on an annual basis to NT$5.09 billion from NT$4.71 billion, and total operating expenses fell on an annual basis to NT$5.89 billion from NT$5.95 billion.

Reported net income came to a loss of NT$884.0 million, or a loss of 51 cents per share, compared to a loss of NT$351.8 million, or a loss of 20 cents per share, in the prior-year period.

As of May 6, US$1 was equivalent to NT$32.39.