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Max Zipper Q1 profit falls YOY

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Max Zipper Q1 profit falls YOY

4915144 said its first-quarter normalized net income was 2 Taiwan cents per share, a decline of 84.4% from 15 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$1.2 million, a decline of 84.4% from NT$7.4 million in the prior-year period.

The normalized profit margin dropped to 0.4% from 2.4% in the year-earlier period.

Total revenue declined 8.5% year over year to NT$288.2 million from NT$314.9 million, and total operating expenses declined 7.4% on an annual basis to NT$278.6 million from NT$300.9 million.

eported net income declined 78.9% year over Max Zipper Co. Ltd.