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Thunder Tiger Q4 loss widens 29.3% YOY

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Thunder Tiger Q4 loss widens 29.3% YOY

Thunder Tiger Corp. said its fourth-quarter normalized net income amounted to a loss of 30 Taiwan cents per share, compared with a loss of 28 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$33.0 million, compared with a loss of NT$25.5 million in the prior-year period.

The normalized profit margin declined to negative 15.1% from negative 9.5% in the year-earlier period.

Total revenue fell 18.5% year over year to NT$218.3 million from NT$268.0 million, and total operating expenses decreased 8.5% year over year to NT$273.4 million from NT$298.8 million.

Reported net income totaled a loss of NT$112.7 million, or a loss of NT$1.03 per share, compared to a loss of NT$49.4 million, or a loss of 53 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of NT$1.07 per share, compared with a loss of 95 cents per share in the prior year.

Normalized net income was a loss of NT$114.2 million, compared with a loss of NT$82.3 million in the prior year.

Full-year total revenue fell 23.9% year over year to NT$886.7 million from NT$1.16 billion, and total operating expenses fell 17.7% on an annual basis to NT$1.07 billion from NT$1.30 billion.

The company said reported net income totaled a loss of NT$189.7 million, or a loss of NT$1.78 per share, in the full year, compared with a loss of NT$158.6 million, or a loss of NT$1.83 per share, the prior year.

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