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Nan Ren Hu Leisure Amusement profit misses consensus by 53.5% in Q1

Nan Ren Hu Leisure Amusement Co. Ltd. said its first-quarter normalized net income came to NT$16.9 million, a rise from NT$1.1 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to 3.6% from 0.3% in the year-earlier period.

Total revenue climbed 6.0% on an annual basis to NT$393.0 million from NT$370.9 million, and total operating expenses totaled NT$375.0 million, compared with NT$375.8 million in the prior-year period.

Reported net income grew year over year to NT$26.7 million, or 10 cents per share, from NT$690,000, or 0 cents per share.

As of May 12, US$1 was equivalent to NT$30.75.