Forex losses dim BizLink’s record profitMIXED BALANCE SHEET: Surging revenue thanks to product mix improvement was canceled out by the New Taiwan dollar’s strong appreciation against the greenbackBy Chen Cheng-hui / Staff reporterBizLink Holding Inc (貿聯控股) on Friday posted lower-than-expected net profit for last quarter due to foreign exchange losses, although its operating profit was the highest for a single quarter in the wiring harness maker’s history. Third-quarter profit declined 0.7 percent quarter-on-quarter and 5.4 percent year-on-year to NT$499.58 million (US$17.32 million), or earnings per share of NT$3.83, the company said in a statement. Consolidated revenue in the July-to-September period rose 14.8 percent quarterly and 4.95 percent annually to NT$6.05 billion, while gross margin and operating margin stayed firm at 26.27 percent and 12.35 percent respectively, it said. Bizlink Holding Inc chairman Roger Liang is pictured at a media gathering in Taipei on March 27 last year. Gross margin improved to 25.56 percent, from 23.76 percent, and operating margin also rose to 10.57 percent, from 9.7 percent.

Source: Taipei Times November 15, 2020 15:56 UTC