trending Market Intelligence /marketintelligence/en/news-insights/trending/CtmbXC0T58N-_fwjcImO_g2 content esgSubNav
In This List

Etron Technology swings to loss in Q1

Case Study

An International Logistics Company Streamlines Transfer Pricing for Its Extensive Network of Subsidiaries


Next in Tech | Episode 168: AI Data Strategies


Street Talk | Episode 126: Hunting the bears, making the bull case for CRE


Investment Banking Essentials May 15

Etron Technology swings to loss in Q1

Etron Technology Inc. said its first-quarter normalized net income was a loss of 12 Taiwan cents per share, compared with 2 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$53.9 million, compared with income of NT$10.0 million in the year-earlier period.

The normalized profit margin declined to negative 3.0% from 0.5% in the year-earlier period.

Total revenue fell 13.1% on an annual basis to NT$1.70 billion from NT$1.95 billion, and total operating expenses fell 9.0% on an annual basis to NT$1.77 billion from NT$1.94 billion.

Reported net income totaled a loss of NT$67.5 million, or a loss of 16 cents per share, compared to income of NT$21.8 million, or 5 cents per share, in the prior-year period.

As of May 16, US$1 was equivalent to NT$32.63.