Nan Liu Enterprise Co. Ltd. said its first-quarter normalized net income amounted to NT$1.67 per share, compared with the S&P Capital IQ consensus estimate of NT$1.95 per share.

EPS rose 25.0% year over year from NT$1.33.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$121.1 million, a gain of 24.7% from NT$97.1 million in the prior-year period.

The normalized profit margin climbed to 8.1% from 7.7% in the year-earlier period.

Total revenue increased 18.2% year over year to NT$1.49 billion from NT$1.26 billion, and total operating expenses increased 20.2% year over year to NT$1.33 billion from NT$1.10 billion.

Reported net income grew 56.1% year over year to NT$151.0 million, or NT$2.08 per share, from NT$96.8 million, or NT$1.33 per share.

As of May 14, US$1 was equivalent to NT$30.54.