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Yulon Nissan Motor profit misses consensus by 21.2% in Q2

Yulon Nissan Motor Co. Ltd. said its normalized net income for the second quarter amounted to NT$3.42 per share, compared with the S&P Capital IQ consensus estimate of NT$4.34 per share.

EPS fell year over year from NT$3.50.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$1.03 billion, a decrease from NT$1.05 billion in the prior-year period.

The normalized profit margin increased to 10.6% from 10.4% in the year-earlier period.

Total revenue declined year over year to NT$9.66 billion from NT$10.10 billion, and total operating expenses fell 5.8% year over year to NT$9.24 billion from NT$9.80 billion.

Reported net income grew 8.2% from the prior-year period to NT$1.39 billion, or NT$4.62 per share, from NT$1.28 billion, or NT$4.27 per share.

As of Aug. 5, US$1 was equivalent to NT$31.71.