Chia Tai Enterprises International Ltd. reported its unaudited consolidated results for the three months ended 31 March 2025. The company reported a significant increase in revenue, which rose to $165.041 million from $54.654 million for the same period in 2024. The gross profit also increased to $20.969 million compared to $8.510 million in the previous year. The profit before tax showed a substantial improvement, reaching $11.579 million, up from $1.876 million in the corresponding period of 2024. The income tax expense for the period was $2.169 million, resulting in a profit for the period of $9.410 million, significantly higher than the $1.450 million reported in the previous year. The total comprehensive income for the period was $10.639 million, compared to a loss of $1.819 million in the same period in 2024. This improvement includes other comprehensive income of $1.229 million, which contrasts with a loss of $3.269 million in the previous year. The profit attributable to shareholders of the company was $7.688 million, up from $989,000 in the first quarter of 2024. Additionally, profit attributable to non-controlling interests increased to $1.722 million from $461,000 in the previous year. No substantial updates regarding business operations were included in the report.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.