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ALi Corp. swings to loss in Q1

ALi Corp. said its first-quarter normalized net income was a loss of NT$18.5 million, compared with income of NT$1.6 million in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to negative 1.9% from 0.2% in the year-earlier period.

Total revenue climbed 7.9% on an annual basis to NT$981.7 million from NT$909.9 million, and total operating expenses climbed 11.2% year over year to NT$1.03 billion from NT$927.7 million.

Reported net income came to a loss of NT$26.6 million, or a loss of 9 cents per share, compared to income of NT$623,000, or 0 cents per share, in the year-earlier period.

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