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Hiroca Holdings profit misses consensus by 15.3% in Q1

Hiroca Holdings Ltd. said its first-quarter normalized net income was NT$1.97 per share, compared with the S&P Capital IQ consensus estimate of NT$2.33 per share.

EPS climbed 12.1% year over year from NT$1.76.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$165.6 million, a gain of 12.0% from NT$147.8 million in the year-earlier period.

The normalized profit margin rose to 8.8% from 7.7% in the year-earlier period.

Total revenue declined on an annual basis to NT$1.88 billion from NT$1.93 billion, and total operating expenses declined from the prior-year period to NT$1.63 billion from NT$1.71 billion.

Reported net income grew from the prior-year period to NT$188.2 million, or NT$2.24 per share, from NT$182.4 million, or NT$2.17 per share.

As of May 10, US$1 was equivalent to NT$32.55.