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Eurocharm Holdings Q4 profit falls 9.3% YOY

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Eurocharm Holdings Q4 profit falls 9.3% YOY

Eurocharm Holdings Co. Ltd. said its fourth-quarter normalized net income was NT$1.85 per share, compared with the S&P Capital IQ consensus estimate of NT$2.07 per share.

EPS fell 8.9% year over year from NT$2.03.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$121.3 million, a decline of 9.3% from NT$133.7 million in the year-earlier period.

The normalized profit margin rose to 11.7% from 11.5% in the year-earlier period.

Total revenue fell 10.5% on an annual basis to NT$1.04 billion from NT$1.16 billion, and total operating expenses decreased 8.2% from the prior-year period to NT$919.6 million from NT$1.00 billion.

Reported net income grew on an annual basis to NT$142.0 million, or NT$2.17 per share, from NT$139.2 million, or NT$2.12 per share.

For the year, the company's normalized net income totaled NT$6.14 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of NT$7.11.

EPS declined from NT$6.24 in the prior year.

Normalized net income was NT$401.6 million, a decline from NT$407.6 million in the prior year.

Full-year total revenue grew year over year to NT$4.16 billion from NT$4.01 billion, and total operating expenses increased on an annual basis to NT$3.65 billion from NT$3.48 billion.

The company said reported net income declined year over year to NT$471.8 million, or NT$7.21 per share, in the full year, from NT$483.9 million, or NT$7.41 per share.

As of March 17, US$1 was equivalent to NT$30.57.