trending Market Intelligence /marketintelligence/en/news-insights/trending/M90JINXIi3aI63pjv5bUtA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Ideal Bike Q4 profit falls YOY

A Community Bank Shares its “Going Green” Story with Stakeholders

Podcast

Street Talk Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

Street Talk – Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

European Energy Insights February 2021


Ideal Bike Q4 profit falls YOY

Ideal Bike Corp. said its normalized net income for the fourth quarter amounted to 34 Taiwan cents per share, a decrease of 19.7% from 42 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 NT$55.5 million, a decrease of 19.8% from NT$69.2 million in the prior-year period.

The normalized profit margin dropped to 3.4% from 5.0% in the year-earlier period.

Total revenue grew 19.4% year over year to NT$1.64 billion from NT$1.37 billion, and total operating expenses increased 18.0% from the prior-year period to NT$1.56 billion from NT$1.32 billion.

Reported net income declined 17.8% year over year to NT$72.9 million, or 44 cents per share, from NT$88.7 million, or 54 cents per share.

For the year, the company's normalized net income totaled NT$1.24 per share, a gain of 88.9% from 66 cents per share in the prior year.

Normalized net income was NT$204.5 million, a rise of 91.0% from NT$107.0 million in the prior year.

Full-year total revenue rose 42.8% from the prior-year period to NT$6.10 billion from NT$4.27 billion, and total operating expenses increased 38.9% year over year to NT$5.81 billion from NT$4.18 billion.

The company said reported net income increased year over year to NT$264.0 million, or NT$1.60 per share, in the full year, from NT$131.6 million, or 81 cents per share.

As of March 30, US$1 was equivalent to NT$32.18.