trending Market Intelligence /marketintelligence/en/news-insights/trending/Cr54QjlCEpj1whkJd26bmw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Tong-Hwa Synthetic Fiber Q1 loss widens 46.4% YOY

Blog

What’s on the Horizon for the Cruise, Hotel & Resorts Sector?

Capital Markets View – February 2021

Blog

Latin America multichannel, broadband market 2020 recap

Blog

TMT News & Insights: February 2021


Tong-Hwa Synthetic Fiber Q1 loss widens 46.4% YOY

Tong-Hwa Synthetic Fiber Co. Ltd. said its normalized net income for the first quarter was a loss of 88 Taiwan cents per share, compared with a loss of 60 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$38.0 million, compared with a loss of NT$26.0 million in the year-earlier period.

The normalized profit margin fell to negative 11.8% from negative 6.2% in the year-earlier period.

Total revenue declined 23.5% year over year to NT$321.9 million from NT$421.0 million, and total operating expenses declined 16.9% on an annual basis to NT$378.6 million from NT$455.5 million.

Reported net income totaled a loss of NT$61.8 million, or a loss of NT$1.44 per share, compared to a loss of NT$41.9 million, or a loss of 98 cents per share, in the prior-year period.

As of May 15, US$1 was equivalent to NT$30.44.