PChomestore losses surge on subsidies - News Summed Up

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PChomestore losses surge on subsidies

By Lisa Wang / Staff reporterE-commerce operator PChomestore Inc (商店街) has seen its book value nosedive to minus-NT$25.3 per common share after losses last quarter worsened to NT$928 million (US$31.05 million) due to massive shipping subsidies. The figure translated into losses per share of NT$26.94, its biggest quarterly losses in five quarters, the company said in a filing with the Taiwan Stock Exchange yesterday. Last quarter’s losses widened significantly from losses of NT$6.39 million in the same period last year and from losses of NT$694 million in the fourth quarter of last year. Supported by the buyback plan, PChomestore shares yesterday rose 0.12 percent to NT$43.05, despite the company’s poor financial results. PChome Online shares yesterday rallied 4.12 percent to close at NT$129 in Taipei trading.

Source: Taipei Times May 16, 2018 15:56 UTC