trending Market Intelligence /marketintelligence/en/news-insights/trending/ENaNVAl1UsK6gmypBaHUQg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Lian Hwa Foods Q4 profit falls YOY

A Community Bank Shares its “Going Green” Story with Stakeholders

Podcast

Street Talk Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

Street Talk – Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

European Energy Insights February 2021


Lian Hwa Foods Q4 profit falls YOY

Lian Hwa Foods Corp. said its normalized net income for the fourth quarter was 50 Taiwan cents per share, a decrease of 12.7% from 57 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$80.0 million, a decline of 12.6% from NT$91.5 million in the prior-year period.

The normalized profit margin dropped to 5.1% from 6.0% in the year-earlier period.

Total revenue increased on an annual basis to NT$1.56 billion from NT$1.51 billion, and total operating expenses grew on an annual basis to NT$1.44 billion from NT$1.38 billion.

Reported net income decreased 12.9% from the prior-year period to NT$109.9 million, or 69 cents per share, from NT$126.1 million, or 79 cents per share.

For the year, the company's normalized net income totaled NT$1.49 per share, an increase of 48.1% from NT$1.01 per share in the prior year.

Normalized net income was NT$238.9 million, a rise of 48.2% from NT$161.2 million in the prior year.

Full-year total revenue grew 9.6% year over year to NT$6.46 billion from NT$5.89 billion, and total operating expenses increased 7.7% year over year to NT$6.10 billion from NT$5.67 billion.

The company said reported net income increased 60.8% year over year to NT$357.6 million, or NT$2.23 per share, in the full year, from NT$222.5 million, or NT$1.39 per share.

As of March 25, US$1 was equivalent to NT$32.56.