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Wowprime Q2 profit falls YOY

Wowprime Corp. said its normalized net income for the second quarter came to NT$1.31 per share, a decrease of 11.3% from NT$1.47 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$100.5 million, a decrease of 11.3% from NT$113.3 million in the prior-year period.

The normalized profit margin declined to 2.5% from 2.7% in the year-earlier period.

Total revenue declined 6.5% on an annual basis to NT$3.95 billion from NT$4.22 billion, and total operating expenses decreased 4.9% from the prior-year period to NT$3.74 billion from NT$3.94 billion.

Reported net income came to NT$83.1 million, or NT$1.08 per share, compared to NT$83.1 million, or NT$1.07 per share, in the prior-year period.

As of Aug. 5, US$1 was equivalent to NT$31.59.