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Unifosa Q1 loss narrows YOY

Unifosa Corp. said its first-quarter normalized net income came to a loss of 23 Taiwan cents per share, compared with a loss of 54 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$21.4 million, compared with a loss of NT$49.8 million in the year-earlier period.

The normalized profit margin climbed to negative 17.2% from negative 41.3% in the year-earlier period.

Total revenue climbed on an annual basis to NT$124.5 million from NT$120.7 million, and total operating expenses fell 21.5% year over year to NT$152.5 million from NT$194.3 million.

Reported net income came to a loss of NT$34.1 million, or a loss of 37 cents per share, compared to a loss of NT$79.2 million, or a loss of 86 cents per share, in the year-earlier period.

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