CSBC ends five quarters of lossesBy Kao Shih-ching / Staff reporterCSBC Corp, Taiwan (台船) yesterday reported a pretax profit of NT$34 million (US$1.2 million) for last quarter, ending five consecutive quarters of losses. The turnaround could be attributed to cost improvements and lower foreign exchange volatility, a CSBC official told the Taipei Times by telephone. CSBC Corp, Taiwan chairman Cheng Wen-lung, sixth left, talks to company employees in Kaohsiung in an undated photograph. Photo courtesy of CSBC Corp, TaiwanAs a result, its gross margin returned to positive territory last quarter, the official said. Last year, it reported a gross margin of minus-5.57 percent as its cost of goods sold exceeded total sales, company data showed.

Source: Taipei Times April 16, 2021 15:56 UTC