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Cryomax Cooling System H1 profit climbs YOY

Cryomax Cooling System Corp. said its first-half normalized net income was 51 Taiwan cents per share, a gain from 50 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 NT$31.0 million, a gain from NT$30.1 million in the year-earlier period.

Total revenue rose year over year to NT$757.5 million from NT$729.9 million, and total operating expenses rose year over year to NT$710.8 million from NT$680.6 million.

Reported net income grew 17.7% on an annual basis to NT$47.4 million, or 79 cents per share, from NT$40.3 million, or 67 cents per share.

As of Aug. 15, US$1 was equivalent to NT$31.33.