trending Market Intelligence /marketintelligence/en/news-insights/trending/W-6F4t-88kMjqty2Y2sbaw2 content esgSubNav
In This List

Hong Ho Precision Textile Q1 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Hong Ho Precision Textile Q1 profit falls YOY

Hong Ho Precision Textile Co. Ltd. said its first-quarter normalized net income came to 3 Taiwan cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 2 cents per share.

EPS declined 64.7% year over year from 9 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$4.2 million, a decline of 65.0% from NT$12.1 million in the prior-year period.

The normalized profit margin fell to 2.1% from 5.9% in the year-earlier period.

Total revenue declined on an annual basis to NT$199.6 million from NT$206.2 million, and total operating expenses grew from the prior-year period to NT$196.3 million from NT$191.5 million.

Reported net income declined 66.8% year over year to NT$5.1 million, or 4 cents per share, from NT$15.4 million, or 11 cents per share.

As of May 14, US$1 was equivalent to NT$30.54.