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Tai Roun Products swings to loss in Q1

4915103 said its normalized net income for the first quarter was a loss of NT$765,880, compared with income of NT$14.9 million in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to negative 0.1% from 2.0% in the year-earlier period.

Total revenue increased 11.2% year over year to NT$837.3 million from NT$752.6 million, and total operating expenses increased 17.1% year over year to NT$850.0 million from NT$725.7 million.

eported net income came to a loss of NT$1.8 m Tai Roun Products Co. Ltd.