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Janfusun Fancyworld Q1 loss narrows YOY

Janfusun Fancyworld Corp. said its normalized net income for the first quarter was a loss of 17 Taiwan cents per share, compared with a loss of 24 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$42.8 million, compared with a loss of NT$52.8 million in the year-earlier period.

The normalized profit margin climbed to negative 9.9% from negative 12.6% in the year-earlier period.

Total revenue climbed year over year to NT$431.8 million from NT$418.2 million, and total operating expenses fell on an annual basis to NT$487.7 million from NT$495.6 million.

Reported net income came to a loss of NT$66.5 million, or a loss of 26 cents per share, compared to a loss of NT$83.9 million, or a loss of 38 cents per share, in the year-earlier period.

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