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Chinese Gamer International Q1 loss narrows YOY

Chinese Gamer International Corp. said its normalized net income for the first quarter was a loss of 30 Taiwan cents per share, compared with a loss of 57 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$26.1 million, compared with a loss of NT$49.0 million in the year-earlier period.

The normalized profit margin rose to negative 29.9% from negative 71.0% in the year-earlier period.

Total revenue climbed 26.5% on an annual basis to NT$87.4 million from NT$69.1 million, and total operating expenses fell 9.0% year over year to NT$139.4 million from NT$153.1 million.

Reported net income came to a loss of NT$42.0 million, or a loss of 49 cents per share, compared to a loss of NT$79.7 million, or a loss of 93 cents per share, in the prior-year period.

As of May 16, US$1 was equivalent to NT$32.63.