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Feng Tay Enterprises profit misses consensus by 24.9% in Q2

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Feng Tay Enterprises profit misses consensus by 24.9% in Q2

4910863 said its normalized net income for the second quarter was NT$1.21 per share, compared with the S&P Capital IQ consensus estimate of NT$1.61 per share.

EPS climbed 10.7% year over year from NT$1.09.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$808.5 million, a gain of 10.7% from NT$730.3 million in the prior-year period.

The normalized profit margin declined to 5.8% from 6.1% in the year-earlier period.

Total revenue climbed 16.5% year over year to NT$13.86 billion from NT$11.90 billion, and total operating expenses grew 17.9% from the prior-year period to NT$12.56 billion from NT$10.65 billion.

eported net income grew 58.4% from the prior- Feng Tay Enterprises Co. Ltd.