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Grand Hall Enterprise Q1 loss narrows YOY

Grand Hall Enterprise Co. Ltd. said its first-quarter normalized net income amounted to a loss of 50 Taiwan cents per share, compared with a loss of NT$1.53 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of NT$11.7 million, compared with a loss of NT$36.0 million in the prior-year period.

The normalized profit margin climbed to negative 2.0% from negative 5.9% in the year-earlier period.

Total revenue fell year over year to NT$586.9 million from NT$613.3 million, and total operating expenses fell 11.2% on an annual basis to NT$604.6 million from NT$680.5 million.

Reported net income totaled a loss of NT$17.3 million, or a loss of 74 cents per share, compared to a loss of NT$62.2 million, or a loss of NT$2.65 per share, in the year-earlier period.

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