trending Market Intelligence /marketintelligence/en/news-insights/trending/eLXH72TEHb8E9rTbjx5mkg2 content esgSubNav
In This List

Her Chee Industrial swings to profit in Q1

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Her Chee Industrial swings to profit in Q1

Her Chee Industrial Co. Ltd. said its first-quarter normalized net income was 5 Taiwan cents per share, compared with a loss of 12 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 NT$3.9 million, compared with a loss of NT$9.0 million in the year-earlier period.

The normalized profit margin increased to 3.1% from negative 11.0% in the year-earlier period.

Total revenue increased 56.7% year over year to NT$127.8 million from NT$81.6 million, and total operating expenses climbed 57.9% on an annual basis to NT$121.9 million from NT$77.2 million.

Reported net income came to NT$5.8 million, or 8 cents per share, compared to a loss of NT$10.8 million, or a loss of 15 cents per share, in the prior-year period.

As of May 13, US$1 was equivalent to NT$32.68.