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D-Link Q1 loss narrows YOY

D-Link Corp. said its first-quarter normalized net income came to a loss of 16 Taiwan cents per share, compared with a loss of 19 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 a loss of NT$103.0 million, compared with a loss of NT$126.8 million in the prior-year period.

The normalized profit margin rose to negative 1.7% from negative 1.9% in the year-earlier period.

Total revenue fell 11.6% on an annual basis to NT$5.94 billion from NT$6.72 billion, and total operating expenses decreased 10.8% year over year to NT$6.13 billion from NT$6.87 billion.

Reported net income totaled a loss of NT$215.2 million, or a loss of 34 cents per share, compared to a loss of NT$234.8 million, or a loss of 36 cents per share, in the year-earlier period.

As of May 3, US$1 was equivalent to NT$32.33.