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Inventec Besta Q4 loss widens 23.9% YOY

Inventec Besta Co. Ltd. said its normalized net income for the fourth quarter was a loss of NT$1.32 per share, compared with a loss of NT$1.07 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of NT$82.3 million, compared with a loss of NT$66.4 million in the year-earlier period.

The normalized profit margin dropped to negative 42.5% from negative 36.9% in the year-earlier period.

Total revenue rose 7.4% on an annual basis to NT$193.5 million from NT$180.2 million, and total operating expenses decreased year over year to NT$312.8 million from NT$317.6 million.

Reported net income came to a loss of NT$130.2 million, or a loss of NT$2.09 per share, compared to a loss of NT$156.4 million, or a loss of NT$2.51 per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of NT$2.47 per share, compared with a loss of NT$2.12 per share in the prior year.

Normalized net income was a loss of NT$153.9 million, compared with a loss of NT$132.0 million in the prior year.

Full-year total revenue decreased 39.0% on an annual basis to NT$960.9 million from NT$1.57 billion, and total operating expenses decreased 31.2% on an annual basis to NT$1.26 billion from NT$1.83 billion.

The company said reported net income totaled a loss of NT$244.7 million, or a loss of NT$3.92 per share, in the full year, compared with a loss of NT$267.9 million, or a loss of NT$4.30 per share, the prior year.

As of Feb. 26, US$1 was equivalent to NT$33.28.