Unitech Printed Circuit Board Corp. said its first-quarter normalized net income amounted to a loss of 29 Taiwan cents per share, compared with the S&P Capital IQ consensus estimate of 23 cents per share.
The per-share result swung to a loss from the prior-year profit of 20 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of NT$162.5 million, compared with income of NT$113.7 million in the year-earlier period.
The normalized profit margin declined to negative 5.2% from 3.3% in the year-earlier period.
Total revenue fell 17.3% on an annual basis to NT$2.84 billion from NT$3.43 billion, and total operating expenses declined 5.9% year over year to NT$3.07 billion from NT$3.26 billion.
Reported net income totaled a loss of NT$265.7 million, or a loss of 48 cents per share, compared to income of NT$147.3 million, or 26 cents per share, in the year-earlier period.
As of May 16, US$1 was equivalent to NT$32.63.
