trending Market Intelligence /marketintelligence/en/news-insights/trending/Qv7I5Y-VOOSeCMEhisJXaQ2 content esgSubNav
In This List

Formosa Optical Technology profit holds relatively steady YOY in Q2

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Global M&A By the Numbers: Q1 2022

Blog

Insight Weekly: Earnings forecasts for US banks; corporate deleveraging; LatAm currency gains


Formosa Optical Technology profit holds relatively steady YOY in Q2

Formosa Optical Technology Co. Ltd. said its second-quarter normalized net income was NT$1.22 per share, compared with NT$1.22 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$73.2 million, compared with NT$73.4 million in the year-earlier period.

The normalized profit margin declined to 11.1% from 11.8% in the year-earlier period.

Total revenue rose 6.0% on an annual basis to NT$658.6 million from NT$621.5 million, and total operating expenses grew 5.2% on an annual basis to NT$622.7 million from NT$591.8 million.

Reported net income declined from the prior-year period to NT$85.3 million, or NT$1.42 per share, from NT$87.1 million, or NT$1.45 per share.

As of Aug. 15, US$1 was equivalent to NT$31.33.