trending Market Intelligence /marketintelligence/en/news-insights/trending/CrIJ1zpDVtiVLhB6LLq9pg2 content esgSubNav
In This List

Formosa Petrochemical profit misses consensus by 22.3% in Q3

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Using ESG Analysis to Support a Sustainable Future


Formosa Petrochemical profit misses consensus by 22.3% in Q3

Formosa Petrochemical Corp. said its normalized net income for the third quarter amounted to NT$1.73 per share, compared with the S&P Capital IQ consensus estimate of NT$2.22 per share.

EPS increased 35.3% year over year from NT$1.28.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$16.44 billion, a gain of 35.3% from NT$12.15 billion in the prior-year period.

The normalized profit margin climbed to 10.7% from 9.5% in the year-earlier period.

Total revenue climbed 19.5% on an annual basis to NT$153.46 billion from NT$128.45 billion, and total operating expenses increased 16.4% on an annual basis to NT$129.39 billion from NT$111.11 billion.

Reported net income grew 33.4% from the prior-year period to NT$22.26 billion, or NT$2.34 per share, from NT$16.69 billion, or NT$1.75 per share.

As of Nov. 14, US$1 was equivalent to NT$30.16.