trending Market Intelligence /marketintelligence/en/news-insights/trending/KNzNL55t5wQo5Mx4M8nDAw2 content esgSubNav
In This List

EST Global Apparel Q1 loss narrows YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


EST Global Apparel Q1 loss narrows YOY

EST Global Apparel Co. Ltd. said its first-quarter normalized net income amounted to a loss of 7 Taiwan cents per share, compared with a loss of 8 cents 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$1.3 million, compared with a loss of NT$1.5 million in the prior-year period.

The normalized profit margin increased to negative 3.2% from negative 8.5% in the year-earlier period.

Total revenue increased year over year to NT$40.4 million from NT$17.2 million, and total operating expenses climbed year over year to NT$43.1 million from NT$20.3 million.

Reported net income totaled a loss of NT$2.2 million, or a loss of 11 cents per share, compared to a loss of NT$2.3 million, or a loss of 12 cents per share, in the prior-year period.

As of May 16, US$1 was equivalent to NT$32.63.