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Hiroca Holdings Q1 profit climbs 36.4% YOY

Hiroca Holdings Ltd. said its first-quarter normalized net income was NT$1.76 per share, an increase of 26.9% from NT$1.39 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$147.8 million, an increase of 36.4% from NT$108.4 million in the prior-year period.

The normalized profit margin increased to 7.7% from 5.6% in the year-earlier period.

Total revenue totaled NT$1.93 billion, compared with NT$1.92 billion in the prior-year period, and total operating expenses declined on an annual basis to NT$1.71 billion from NT$1.75 billion.

Reported net income rose 44.0% from the prior-year period to NT$182.4 million, or NT$2.17 per share, from NT$126.7 million, or NT$1.62 per share.

As of May 12, US$1 was equivalent to NT$30.75.