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Global View Q1 profit climbs 42.9% YOY

Global View Co. Ltd. said its first-quarter normalized net income amounted to 15 Taiwan cents per share, an increase of 42.8% from 10 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$9.4 million, a gain of 42.9% from NT$6.6 million in the year-earlier period.

The normalized profit margin climbed to 16.3% from 12.0% in the year-earlier period.

Total revenue rose 5.6% year over year to NT$57.5 million from NT$54.4 million, and total operating expenses fell on an annual basis to NT$45.1 million from NT$47.4 million.

Reported net income grew year over year to NT$15.8 million, or 25 cents per share, from NT$5.4 million, or 9 cents per share.

As of May 13, US$1 was equivalent to NT$30.62.