Taisun Enterprise Co. Ltd. said its normalized net income for the first quarter was a loss of 2 Taiwan cents per share, compared with 4 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$5.3 million, compared with income of NT$16.5 million in the year-earlier period.
The normalized profit margin declined to negative 0.3% from 0.8% in the year-earlier period.
Total revenue declined 5.6% year over year to NT$1.98 billion from NT$2.10 billion, and total operating expenses decreased 5.3% from the prior-year period to NT$2.01 billion from NT$2.12 billion.
Reported net income totaled a loss of NT$9.8 million, or a loss of 3 cents per share, compared to income of NT$26.2 million, or 7 cents per share, in the prior-year period.
As of May 14, US$1 was equivalent to NT$30.54.
