trending Market Intelligence /marketintelligence/en/news-insights/trending/AR_lS8Vl_aeySLPB2QzVgQ2 content esgSubNav
In This List

Action Electronics Q2 loss widens YOY


Master of Risk | Episode 7 : John Kevill


The World's Largest P&C Insurers, 2023


The Worlds Largest Life Insurers, 2023


Banking Essentials Newsletter: 29th November Edition

Action Electronics Q2 loss widens YOY

Action Electronics Co. Ltd. said its second-quarter normalized net income amounted to a loss of 16 Taiwan cents per share, compared with a loss of 6 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$43.8 million, compared with a loss of NT$16.9 million in the prior-year period.

The normalized profit margin declined to negative 4.5% from negative 1.1% in the year-earlier period.

Total revenue decreased 37.8% year over year to NT$981.8 million from NT$1.58 billion, and total operating expenses fell 36.4% from the prior-year period to NT$1.05 billion from NT$1.65 billion.

Reported net income totaled a loss of NT$64.5 million, or a loss of 23 cents per share, compared to a loss of NT$40.0 million, or a loss of 14 cents per share, in the year-earlier period.

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