trending Market Intelligence /marketintelligence/en/news-insights/trending/ys289vio7_ocGhESx7wQ9w2 content esgSubNav
In This List

Kang Na Hsiung Enterprise Q4 profit falls YOY


Street Talk | Episode 116: Early remediation, not Basel III endgame, the answer to avoid repeat of spring 2023 bank failures


Gauging the Impact of Rate Changes, Growth, and Foreign Fluctuations on the US Economy


The Rising Importance of Sustainability in Credit Risk


Next in Tech | Episode 134: Observability and new operational models

Kang Na Hsiung Enterprise Q4 profit falls YOY

Kang Na Hsiung Enterprise Co. Ltd. said its fourth-quarter normalized net income amounted to 7 Taiwan cents per share, a decrease of 12.8% from 9 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$14.6 million, a decline of 13.6% from NT$17.0 million in the year-earlier period.

The normalized profit margin dropped to 1.2% from 1.7% in the year-earlier period.

Total revenue grew 19.0% year over year to NT$1.20 billion from NT$1.00 billion, and total operating expenses climbed 13.7% year over year to NT$1.17 billion from NT$1.03 billion.

Reported net income decreased 38.8% on an annual basis to NT$15.7 million, or 8 cents per share, from NT$25.7 million, or 13 cents per share.

For the year, the company's normalized net income totaled 23 cents per share, an increase of 11.1% from 21 cents per share in the prior year.

Normalized net income was NT$45.8 million, a rise of 10.8% from NT$41.3 million in the prior year.

Full-year total revenue rose from the prior-year period to NT$4.48 billion from NT$4.36 billion, and total operating expenses rose on an annual basis to NT$4.46 billion from NT$4.40 billion.

The company said reported net income decreased 30.2% year over year to NT$41.3 million, or 21 cents per share, in the full year, from NT$59.2 million, or 30 cents per share.

As of March 1, US$1 was equivalent to NT$33.15.