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Calin Technology Q1 loss narrows YOY

Calin Technology Co. Ltd. said its first-quarter normalized net income came to a loss of 19 Taiwan cents per share, compared with a loss of 34 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$19.7 million, compared with a loss of NT$35.4 million in the prior-year period.

The normalized profit margin increased to negative 6.0% from negative 13.0% in the year-earlier period.

Total revenue rose 20.5% year over year to NT$327.2 million from NT$271.6 million, and total operating expenses increased 8.0% on an annual basis to NT$352.5 million from NT$326.4 million.

Reported net income totaled a loss of NT$26.5 million, or a loss of 26 cents per share, compared to a loss of NT$46.5 million, or a loss of 45 cents per share, in the prior-year period.

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