trending Market Intelligence /marketintelligence/en/news-insights/trending/fMjEO5A6UULPYGFsx8u9zw2 content esgSubNav
In This List

Young Optics swings to loss in Q1

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Beyond ESG with Climate Stress Testing: Getting Practical at Banks & Insurers

Blog

Broadcast broker activities, H1'21

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


Young Optics swings to loss in Q1

Young Optics Inc. said its first-quarter normalized net income was a loss of 24 Taiwan cents per share, compared with 10 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 a loss of NT$26.9 million, compared with income of NT$11.6 million in the prior-year period.

The normalized profit margin declined to negative 2.8% from 1.1% in the year-earlier period.

Total revenue fell 8.9% year over year to NT$957.0 million from NT$1.05 billion, and total operating expenses declined from the prior-year period to NT$1.00 billion from NT$1.06 billion.

Reported net income came to a loss of NT$67.3 million, or a loss of 59 cents per share, compared to income of NT$17.2 million, or 15 cents per share, in the year-earlier period.

As of April 25, US$1 was equivalent to NT$32.33.