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Lilontex Q1 loss narrows YOY

4915373 said its normalized net income for the first quarter was a loss of 3 Taiwan cents per share, compared with a loss of 6 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$4.3 million, compared with a loss of NT$7.2 million in the prior-year period.

The normalized profit margin climbed to negative 4.3% from negative 9.5% in the year-earlier period.

Total revenue grew 30.3% year over year to NT$98.7 million from NT$75.8 million, and total operating expenses rose 15.7% on an annual basis to NT$99.9 million from NT$86.4 million.

Reported net income came to a loss of NT$6.2 million, or a loss of 5 cents per share, compared to a loss of NT$10.3 million, or a loss of 8 cents per share, in the prior-year period.

s of May 12, US$1 was equivalent to NT$32.56.Lilontex Corp.

4915373 said its normalized net income for the first quarter was a loss of 3 Taiwan cents per share, compared with a loss of 6 cents per share in the year-earlier period.