Giant Group reports Q1 loss of NT$0.51 per share, board approves share repurchase of 4,000 shares
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AI Summary (NQ-processed)
Giant Group announced its Q1 financial report, showing a loss of NT$0.51 per share due to high base period last year and structural adjustments in OEM business. However, the overall gross profit margin remained at 19.6%, indicating significant results from the launch of high-margin new products under its own brand in Q1. The board approved a share repurchase of 4,000 shares to demonstrate confidence in long-term development and also approved capital expenditure for a "wind tunnel laboratory."