trending Market Intelligence /marketintelligence/en/news-insights/trending/F4USvX6om_s_4nGM_2guSg2 content esgSubNav
In This List

Altek Q3 profit falls YOY

Case Study

Financial Data Provider Quickly Realizes Value of Upgraded Charting Solution


Insight Weekly: Sustainable bonds face hurdles; bad loans among landlords; AI investments up


European banking sector outlook 2023


No disruption on the road to digitization

Altek Q3 profit falls YOY

Altek Corp. said its normalized net income for the third quarter was 4 Taiwan cents per share, a decline of 90.7% from 44 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$10.8 million, a decline of 90.8% from NT$118.2 million in the prior-year period.

The normalized profit margin dropped to 0.4% from 3.1% in the year-earlier period.

Total revenue fell 23.0% on an annual basis to NT$2.92 billion from NT$3.80 billion, and total operating expenses decreased 19.7% from the prior-year period to NT$2.91 billion from NT$3.62 billion.

Reported net income declined 93.3% year over year to NT$13.3 million, or 5 cents per share, from NT$197.9 million, or 73 cents per share.

As of Nov. 15, US$1 was equivalent to NT$31.78.