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Actron Technology Q2 profit climbs 11.0% YOY


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Actron Technology Q2 profit climbs 11.0% YOY

Actron Technology Corp. said its normalized net income for the second quarter came to NT$1.66 per share, an increase of 10.9% from NT$1.49 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$124.5 million, a gain of 11.0% from NT$112.2 million in the prior-year period.

The normalized profit margin rose to 13.6% from 11.9% in the year-earlier period.

Total revenue decreased year over year to NT$917.1 million from NT$944.2 million, and total operating expenses fell 6.5% year over year to NT$718.6 million from NT$768.7 million.

Reported net income increased 9.9% from the prior-year period to NT$158.6 million, or NT$2.11 per share, from NT$144.3 million, or NT$1.92 per share.

As of Aug. 12, US$1 was equivalent to NT$31.39.