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Shan-Loong Transportation Q1 profit climbs 16.7% YOY

Shan-Loong Transportation Co. Ltd. said its normalized net income for the first quarter amounted to 24 Taiwan cents per share, a decline from 25 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$32.5 million, an increase of 16.7% from NT$27.8 million in the year-earlier period.

The normalized profit margin climbed to 0.8% from 0.6% in the year-earlier period.

Total revenue fell 21.0% year over year to NT$3.85 billion from NT$4.88 billion, and total operating expenses decreased 21.6% from the prior-year period to NT$3.80 billion from NT$4.85 billion.

Reported net income rose 21.0% on an annual basis to NT$44.8 million, or 34 cents per share, from NT$37.0 million, or 33 cents per share.

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