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Enterex International Q4 profit falls YOY

Enterex International Ltd. said its fourth-quarter normalized net income came to 35 Taiwan cents per share, a decrease of 17.4% from 43 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$35.2 million, a decrease of 17.2% from NT$42.6 million in the year-earlier period.

The normalized profit margin dropped to 2.8% from 3.9% in the year-earlier period.

Total revenue increased 15.0% year over year to NT$1.26 billion from NT$1.09 billion, and total operating expenses climbed 17.0% on an annual basis to NT$1.18 billion from NT$1.00 billion.

Reported net income fell 69.3% year over year to NT$14.5 million, or 14 cents per share, from NT$47.3 million, or 47 cents per share.

For the year, the company's normalized net income totaled NT$1.85 per share, a gain of 5.9% from NT$1.74 per share in the prior year.

Normalized net income was NT$185.2 million, a rise of 15.7% from NT$160.1 million in the prior year.

Full-year total revenue increased 8.1% on an annual basis to NT$5.19 billion from NT$4.80 billion, and total operating expenses grew 8.5% year over year to NT$4.85 billion from NT$4.47 billion.

The company said reported net income grew 14.0% year over year to NT$191.3 million, or NT$1.91 per share, in the full year, from NT$167.9 million, or NT$1.83 per share.

As of March 29, US$1 was equivalent to NT$32.58.