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E-Ton Solar Tech Q1 loss narrows YOY

E-Ton Solar Tech Co. Ltd. said its first-quarter normalized net income came to a loss of NT$492,750, compared with a loss of NT$111.3 million in the prior-year period.

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

The normalized profit margin climbed to negative 0.0% from negative 11.5% in the year-earlier period.

Total revenue rose 42.0% on an annual basis to NT$1.37 billion from NT$968.0 million, and total operating expenses grew 18.4% from the prior-year period to NT$1.35 billion from NT$1.14 billion.

Reported net income came to a loss of NT$3.1 million, or a loss of 0 cents per share, compared to a loss of NT$179.0 million, or a loss of 23 cents per share, in the year-earlier period.

As of May 11, US$1 was equivalent to NT$32.52.