Hunya Foods Co. Ltd. said its normalized net income for the first quarter was 50 Taiwan cents per share, a gain from 19 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$54.3 million, a gain from NT$20.3 million in the prior-year period.
The normalized profit margin climbed to 7.7% from 3.1% in the year-earlier period.
Total revenue rose 6.6% year over year to NT$706.0 million from NT$662.0 million, and total operating expenses decreased from the prior-year period to NT$618.9 million from NT$635.4 million.
Reported net income rose from the prior-year period to NT$73.1 million, or 67 cents per share, from NT$23.2 million, or 21 cents per share.
As of May 12, US$1 was equivalent to NT$30.75.
