trending Market Intelligence /marketintelligence/en/news-insights/trending/mzlDdPPqYBm2uMusKa3_3Q2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Kwong Lung Enterprise Q1 loss widens YOY

The Evolution Of ESG Factors In Credit Risk Assessment: Corporate Governance

Industry Top Trends 2021: Metals and Mining

TMT News & Research: 2020 Recap


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

Kwong Lung Enterprise Q1 loss widens YOY

Kwong Lung Enterprise Co. Ltd. said its first-quarter normalized net income was a loss of 38 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$39.4 million, compared with a loss of NT$7.3 million in the prior-year period.

The normalized profit margin dropped to negative 2.6% from negative 0.4% in the year-earlier period.

Total revenue declined 15.0% year over year to NT$1.54 billion from NT$1.82 billion, and total operating expenses fell 11.6% from the prior-year period to NT$1.60 billion from NT$1.81 billion.

Reported net income came to a loss of NT$24.1 million, or a loss of 23 cents per share, compared to a loss of NT$18.8 million, or a loss of 21 cents per share, in the year-earlier period.

As of May 15, US$1 was equivalent to NT$30.44.