trending Market Intelligence /marketintelligence/en/news-insights/trending/hXrT6pm0hp-760WljqiMmA2 content esgSubNav
In This List

Farglory Hotel Q1 profit climbs YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Farglory Hotel Q1 profit climbs YOY

Farglory Hotel Co. Ltd. said its first-quarter normalized net income amounted to 9 Taiwan cents per share, an increase from 4 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$9.9 million, a gain from NT$3.9 million in the prior-year period.

The normalized profit margin increased to 8.1% from 3.4% in the year-earlier period.

Total revenue rose 7.9% year over year to NT$122.8 million from NT$113.8 million, and total operating expenses came to NT$107.0 million, compared with NT$107.1 million in the year-earlier period.

Reported net income grew from the prior-year period to NT$13.7 million, or 13 cents per share, from NT$5.3 million, or 5 cents per share.

As of May 14, US$1 was equivalent to NT$30.54.