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Jinli Group Holdings Q2 profit climbs 5.5% YOY

Jinli Group Holdings Ltd said its normalized net income for the second quarter was NT$1.51 per share, an increase of 11.0% from NT$1.36 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$271.3 million, a gain of 5.5% from NT$257.0 million in the year-earlier period.

The normalized profit margin increased to 17.4% from 16.8% in the year-earlier period.

Total revenue climbed year over year to NT$1.56 billion from NT$1.53 billion, and total operating expenses totaled NT$1.12 billion, compared with NT$1.11 billion in the year-earlier period.

Reported net income rose from the prior-year period to NT$284.4 million, or NT$1.58 per share, from NT$279.5 million, or NT$1.48 per share.

As of Aug. 11, US$1 was equivalent to NT$31.26.