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Chateau International Development Q1 profit climbs 11.1% YOY

Chateau International Development Co. Ltd. said its normalized net income for the first quarter amounted to 10 Taiwan cents per share, an increase of 11.1% from 9 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$11.1 million, an increase of 11.1% from NT$10.0 million in the year-earlier period.

The normalized profit margin climbed to 8.3% from 8.2% in the year-earlier period.

Total revenue rose 10.5% year over year to NT$134.3 million from NT$121.5 million, and total operating expenses climbed 9.5% from the prior-year period to NT$116.1 million from NT$105.9 million.

Reported net income increased 13.3% year over year to NT$15.2 million, or 14 cents per share, from NT$13.4 million, or 12 cents per share.

As of May 14, US$1 was equivalent to NT$30.54.