trending Market Intelligence /marketintelligence/en/news-insights/trending/PWvitn-6Q7GSeaPQDmRVVA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Sumagh High Tech Q1 loss widens 88.7% 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

Sumagh High Tech Q1 loss widens 88.7% YOY

Sumagh High Tech Corp. said its first-quarter normalized net income was a loss of 40 Taiwan cents per share, compared with a loss of 21 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 a loss of NT$6.4 million, compared with a loss of NT$3.4 million in the year-earlier period.

The normalized profit margin fell to negative 13.3% from negative 7.7% in the year-earlier period.

Total revenue rose 9.1% on an annual basis to NT$48.4 million from NT$44.4 million, and total operating expenses came to NT$68.1 million, compared with NT$67.7 million in the prior-year period.

Reported net income came to a loss of NT$14.4 million, or a loss of 90 cents per share, compared to a loss of NT$10.6 million, or a loss of 66 cents per share, in the year-earlier period.

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