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Tex-Ray Industrial Q2 profit climbs 88.6% YOY

Tex-Ray Industrial Co. Ltd. said its second-quarter normalized net income was 13 Taiwan cents per share, an increase of 88.7% from 7 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$27.4 million, an increase of 88.6% from NT$14.5 million in the prior-year period.

The normalized profit margin increased to 1.6% from 0.9% in the year-earlier period.

Total revenue climbed year over year to NT$1.69 billion from NT$1.61 billion, and total operating expenses climbed on an annual basis to NT$1.68 billion from NT$1.60 billion.

Reported net income rose year over year to NT$12.6 million, or 6 cents per share, from NT$2.1 million, or 1 cents per share.

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