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Sunfun Info Q1 loss widens 52.2% YOY

Sunfun Info Co. Ltd. said its normalized net income for the first quarter came to a loss of 82 Taiwan cents per share, compared with a loss of 53 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 a loss of NT$10.2 million, compared with a loss of NT$6.7 million in the prior-year period.

The normalized profit margin declined to negative 13.0% from negative 12.5% in the year-earlier period.

Total revenue increased 45.8% on an annual basis to NT$78.7 million from NT$54.0 million, and total operating expenses increased 45.8% year over year to NT$94.2 million from NT$64.6 million.

Reported net income totaled a loss of NT$16.4 million, or a loss of NT$1.31 per share, compared to a loss of NT$10.8 million, or a loss of 86 cents per share, in the prior-year period.

As of May 16, US$1 was equivalent to NT$32.63.