trending Market Intelligence /marketintelligence/en/news-insights/trending/ChFalIKHI-h3MxaRmtqQ3g2 content esgSubNav
In This List

Kuen Chaang Uppertech swings to loss in Q1

Blog

Broadcast deal market recap, Q2'22

Blog

Balance Sheet Strategy in an Unusual Rate Environment

Blog

Investors' Views of the Industry Today & the Outlook for Tomorrow

Blog

Japan M&A By the Numbers: Q1 2022


Kuen Chaang Uppertech swings to loss in Q1

Kuen Chaang Uppertech Corp. said its normalized net income for the first quarter amounted to a loss of 4 Taiwan cents per share, compared with 3 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of NT$5.3 million, compared with income of NT$4.1 million in the year-earlier period.

The normalized profit margin declined to negative 0.3% from 0.2% in the year-earlier period.

Total revenue decreased 23.9% year over year to NT$1.64 billion from NT$2.16 billion, and total operating expenses declined 23.4% year over year to NT$1.64 billion from NT$2.15 billion.

Reported net income came to a loss of NT$7.1 million, or a loss of 6 cents per share, compared to income of NT$3.5 million, or 3 cents per share, in the year-earlier period.

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