Tatung Co. Ltd. said its normalized net income for the first quarter amounted to 13 Taiwan cents per share, compared with 14 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$305.3 million, compared with NT$306.4 million in the year-earlier period.
The normalized profit margin climbed to 1.3% from 1.0% in the year-earlier period.
Total revenue fell 15.0% on an annual basis to NT$25.06 billion from NT$29.47 billion, and total operating expenses decreased from the prior-year period to NT$26.94 billion from NT$27.91 billion.
Reported net income totaled a loss of NT$476.4 million, or a loss of 21 cents per share, compared to income of NT$680.6 million, or 30 cents per share, in the year-earlier period.
As of May 13, US$1 was equivalent to NT$30.62.
