-- Paiho Shih's (TPE:8404) net profit attributable to shareholders plunged 65.3% year on year to NT$74.7 million in the first quarter, according to a Tuesday Taiwan Exchange filing.
Shares of the textile manufacturer rose about 3% in Wednesday's afternoon trade.
Revenue for the quarter edged down 1.9% to NT$1.90 billion, while operating profit declined 47% to NT$206.6 million.
For March alone, net profit attributable to shareholders stood at NT$60.5 million, or NT$0.15 per share.