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WW Holding Q1 profit falls YOY

WW Holding Inc. said its first-quarter normalized net income amounted to 11 Taiwan cents per share, a decline of 77.9% from 48 cents 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$4.7 million, a decline of 77.9% from NT$21.3 million in the prior-year period.

The normalized profit margin fell to 0.4% from 1.9% in the year-earlier period.

Total revenue rose year over year to NT$1.16 billion from NT$1.12 billion, and total operating expenses rose 5.2% year over year to NT$1.15 billion from NT$1.09 billion.

Reported net income declined 78.8% from the prior-year period to NT$5.5 million, or 13 cents per share, from NT$26.1 million, or 59 cents per share.

As of May 13, US$1 was equivalent to NT$32.68.