trending Market Intelligence /marketintelligence/en/news-insights/trending/oZecXcZyRHSZd3r66wJJXg2 content esgSubNav
In This List

Chia Her Industrial profit holds relatively steady YOY in Q4

Podcast

Street Talk | Episode 126: Hunting the bears, making the bull case for CRE

Blog

Investment Banking Essentials May 15

Video

Panel Discussion: Modernization Initiatives Advancing the U.S. Capital Market

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency


Chia Her Industrial profit holds relatively steady YOY in Q4

Chia Her Industrial Co. Ltd. said its normalized net income for the fourth quarter came to a loss of 29 Taiwan cents per share, compared with a loss of 29 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$34.7 million, compared with a loss of NT$34.6 million in the prior-year period.

The normalized profit margin fell to negative 4.5% from negative 3.9% in the year-earlier period.

Total revenue fell 14.5% year over year to NT$766.9 million from NT$896.9 million, and total operating expenses declined 15.5% year over year to NT$822.0 million from NT$972.8 million.

Reported net income totaled a loss of NT$2.1 million, or a loss of 2 cents per share, compared to a loss of NT$13.2 million, or a loss of 11 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of NT$1.33 per share, compared with a loss of NT$1.67 per share in the prior year.

Normalized net income was a loss of NT$159.8 million, compared with a loss of NT$198.7 million in the prior year.

Full-year total revenue fell on an annual basis to NT$3.01 billion from NT$3.10 billion, and total operating expenses declined 6.1% on an annual basis to NT$3.22 billion from NT$3.43 billion.

The company said reported net income totaled a loss of NT$187.0 million, or a loss of NT$1.56 per share, in the full year, compared with a loss of NT$266.9 million, or a loss of NT$2.25 per share, the prior year.

As of March 30, US$1 was equivalent to NT$30.31.