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Cayman Engley posts Q4 profit

Cayman Engley Industrial Co. Ltd. said its normalized net income for the fourth quarter was NT$274.6 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 8.6%.

Total revenue came to NT$3.18 billion, and total operating expenses came to NT$2.79 billion.

Reported net income totaled NT$319.5 million, or NT$4.79 per share.

For the year, the company's normalized net income totaled NT$12.37 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of NT$10.40.

EPS rose 28.6% from NT$9.62 in the prior year.

Normalized net income was NT$826.4 million, a fall of 14.1% from NT$962.2 million in the prior year.

Full-year total revenue declined 14.6% year over year to NT$11.46 billion from NT$13.42 billion, and total operating expenses declined 14.9% on an annual basis to NT$10.24 billion from NT$12.03 billion.

The company said reported net income decreased 11.7% on an annual basis to NT$1.01 billion, or NT$15.09 per share, in the full year, from NT$1.14 billion, or NT$11.42 per share.

As of March 25, US$1 was equivalent to NT$32.56.