Taiwan Indigena Botanica Co. Ltd. said its first-quarter normalized net income came to a loss of 22 Taiwan cents per share, compared with a loss of NT$1.03 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of NT$5.4 million, compared with a loss of NT$10.4 million in the year-earlier period.

Total revenue fell 74.3% on an annual basis to NT$1.2 million from NT$4.8 million, and total operating expenses decreased 53.3% on an annual basis to NT$9.9 million from NT$21.3 million.

Reported net income totaled a loss of NT$8.7 million, or a loss of 34 cents per share, compared to a loss of NT$16.6 million, or a loss of NT$1.65 per share, in the prior-year period.

As of May 15, US$1 was equivalent to NT$30.44.