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Jabon International swings to profit in Q2

Jabon International Co. Ltd. said its normalized net income for the second quarter came to 8 Taiwan cents per share, compared with a loss of 6 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$5.6 million, compared with a loss of NT$3.2 million in the prior-year period.

The normalized profit margin rose to 0.4% from negative 0.8% in the year-earlier period.

Total revenue grew on an annual basis to NT$1.25 billion from NT$416.0 million, and total operating expenses rose from the prior-year period to NT$1.24 billion from NT$429.0 million.

Reported net income came to NT$8.0 million, or 12 cents per share, compared to a loss of NT$15.0 million, or a loss of 29 cents per share, in the prior-year period.

As of Aug. 11, US$1 was equivalent to NT$32.22.