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Tidehold Development Q1 loss narrows YOY

4915101 said its first-quarter normalized net income amounted to a loss of 2 Taiwan cents per share, compared with a loss of 4 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$1.9 million, compared with a loss of NT$3.5 million in the prior-year period.

The normalized profit margin climbed to negative 10.8% from negative 12.7% in the year-earlier period.

Total revenue fell 38.2% on an annual basis to NT$17.2 million from NT$27.9 million, and total operating expenses fell 42.6% from the prior-year period to NT$20.2 million from NT$35.2 million.

eported net income came to NT$341,000, or 0 Tidehold Development Co. Ltd.