Nan Ya Printed Circuit Board Corp. said its first-quarter normalized net income amounted to a loss of 32 Taiwan cents per share, compared with the S&P Capital IQ consensus estimate of 28 cents per share.
The per-share result swung to a loss from the prior-year profit of 29 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of NT$207.8 million, compared with income of NT$190.3 million in the year-earlier period.
The normalized profit margin declined to negative 2.7% from 2.4% in the year-earlier period.
Total revenue declined year over year to NT$7.66 billion from NT$8.04 billion, and total operating expenses totaled NT$7.82 billion, compared with NT$7.78 billion in the prior-year period.
Reported net income totaled a loss of NT$321.7 million, or a loss of 50 cents per share, compared to income of NT$562.2 million, or 87 cents per share, in the year-earlier period.
As of May 9, US$1 was equivalent to NT$32.54.
