trending Market Intelligence /marketintelligence/en/news-insights/trending/ZwOKRMVnCw0w31ucPcgwRQ2 content esgSubNav
In This List

Luhai Holding profit misses consensus by 18.4% in Q1

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

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Luhai Holding profit misses consensus by 18.4% in Q1

Luhai Holding Corp. said its normalized net income for the first quarter was 59 Taiwan cents per share, compared with the S&P Capital IQ consensus estimate of 73 cents per share.

EPS climbed 22.0% year over year from 49 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$46.4 million, an increase of 22.1% from NT$38.0 million in the year-earlier period.

The normalized profit margin climbed to 7.1% from 6.0% in the year-earlier period.

Total revenue grew on an annual basis to NT$650.8 million from NT$629.1 million, and total operating expenses climbed from the prior-year period to NT$583.3 million from NT$570.4 million.

Reported net income grew 22.4% from the prior-year period to NT$58.3 million, or 75 cents per share, from NT$47.6 million, or 61 cents per share.

As of May 12, US$1 was equivalent to NT$30.75.