trending Market Intelligence /marketintelligence/en/news-insights/trending/aPvqvyMdMylxLYAg3UqoEg2 content esgSubNav
In This List

Mutto Optronics swings to profit in Q2


Investment Banking Essentials: February 21


Golden Developing Solutions, Inc.: Up in Smoke


Private Credit Investors and Sustainability


MediaTalk | Season 2: Back in 2024!

Mutto Optronics swings to profit in Q2

Mutto Optronics Corp. said its normalized net income for the second quarter came to 16 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 NT$7.6 million, compared with a loss of NT$7.3 million in the year-earlier period.

The normalized profit margin climbed to 6.1% from negative 9.5% in the year-earlier period.

Total revenue climbed 62.8% year over year to NT$124.6 million from NT$76.6 million, and total operating expenses increased 63.8% year over year to NT$143.8 million from NT$87.8 million.

Reported net income totaled NT$7.7 million, or 16 cents per share, compared to a loss of NT$14.8 million, or a loss of 28 cents per share, in the year-earlier period.

As of Aug. 15, US$1 was equivalent to NT$31.33.