trending Market Intelligence /marketintelligence/en/news-insights/trending/N4OhwJ58_4_qj_a8uczrAw2 content esgSubNav
In This List

Lien Hwa Industrial Q3 profit falls 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


Lien Hwa Industrial Q3 profit falls YOY

Lien Hwa Industrial Corp. said its third-quarter normalized net income came to 22 Taiwan cents per share, a decrease of 24.8% from 29 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$210.6 million, a decline of 24.8% from NT$280.1 million in the year-earlier period.

The normalized profit margin dropped to 15.4% from 21.0% in the year-earlier period.

Total revenue climbed on an annual basis to NT$1.37 billion from NT$1.34 billion, and total operating expenses came to NT$1.28 billion, compared with NT$1.29 billion in the prior-year period.

Reported net income fell 22.9% from the prior-year period to NT$329.0 million, or 34 cents per share, from NT$426.6 million, or 45 cents per share.

As of Nov. 10, US$1 was equivalent to NT$32.74.