trending Market Intelligence /marketintelligence/en/news-insights/trending/Xnm_QtBbw7OGmiBLHghhow2 content esgSubNav
In This List

Shin Shin Co. Ltd. Q3 profit falls YOY

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet

Blog

Bed, Bath, and Bankruptcy: Using Quantitative Credit Models to Predict Corporate Defaults

Blog

Insight Weekly: Stocks limp into 2023; GCC banks set for rebound; deep-sea mining faces pushback

Infographic

Infographic: The Big Picture 2023 Sustainability Outlook


Shin Shin Co. Ltd. Q3 profit falls YOY

Shin Shin Co. Ltd. said its normalized net income for the third quarter came to 18 Taiwan cents per share, a decline of 16.7% from 22 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$13.3 million, a decline of 16.7% from NT$16.0 million in the year-earlier period.

The normalized profit margin dropped to 27.1% from 30.2% in the year-earlier period.

Total revenue declined 7.2% year over year to NT$49.1 million from NT$52.9 million, and total operating expenses climbed from the prior-year period to NT$29.9 million from NT$29.5 million.

Reported net income fell 17.2% year over year to NT$17.5 million, or 24 cents per share, from NT$21.2 million, or 29 cents per share.

As of Nov. 10, US$1 was equivalent to NT$31.77.