- 2023-02-01T00:00:00
- Company Research
| - TLG released Q4 2022 earnings with revenue edging down 6% YoY from a high base when COVID-related school closures eased in Q4 2021. Meanwhile, the company incurred a small net loss of USD100,000 vs Q4 2021 NPAT of USD4.1mn. - 2022 sales and NPAT rose 32% YoY and 45% YoY, completing 99% and 81% of our forecasts, respectively. - Per TLG, sales slowed due to weak demand across export markets. TLG’s GPM compressed from 43.5% in Q4 2021 and 48.3% in Q3 2022 (high base) to 40.0% in Q4 2022 as the company digested its low-cost input plastic inventory. |
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