Bull Will Co. Ltd. said its first-quarter normalized net income came to a loss of NT$3.15 per share, compared with a loss of 16 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$229.4 million, compared with a loss of NT$11.5 million in the prior-year period.
The normalized profit margin fell to negative 166.0% from negative 3.8% in the year-earlier period.
Total revenue decreased 57.6% on an annual basis to NT$127.8 million from NT$301.6 million, and total operating expenses grew 57.6% from the prior-year period to NT$493.1 million from NT$312.8 million.
Reported net income came to a loss of NT$403.1 million, or a loss of NT$5.53 per share, compared to a loss of NT$24.7 million, or a loss of 35 cents per share, in the prior-year period.
As of May 16, US$1 was equivalent to NT$32.63.
