trending Market Intelligence /marketintelligence/en/news-insights/trending/zAfyzNxT9weBZvWzZR1hVA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Pleasant Hotels International swings to loss in Q3


ESG hits the mainstream for European private equity sponsors


What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals


Banking Essentials Newsletter - February Edition, Part 2


Episode 1: Origins of 451 Research - Part 1

Pleasant Hotels International swings to loss in Q3

Pleasant Hotels International Inc. said its third-quarter normalized net income was a loss of 12 Taiwan cents per share, compared with 19 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$2.6 million, compared with income of NT$4.4 million in the year-earlier period.

The normalized profit margin dropped to negative 5.3% from 6.5% in the year-earlier period.

Total revenue decreased 26.0% year over year to NT$49.6 million from NT$67.0 million, and total operating expenses decreased 10.3% year over year to NT$54.6 million from NT$60.9 million.

Reported net income totaled a loss of NT$3.5 million, or a loss of 15 cents per share, compared to income of NT$5.9 million, or 26 cents per share, in the prior-year period.

As of Nov. 11, US$1 was equivalent to NT$31.93.