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Da Lue International Q1 profit climbs 64.1% YOY

Da Lue International Holding Co. Ltd. said its first-quarter normalized net income came to 5 Taiwan cents per share, a gain of 14.5% from 4 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 NT$1.6 million, a gain of 64.1% from NT$975,630 in the prior-year period.

The normalized profit margin fell to 0.9% from 1.3% in the year-earlier period.

Total revenue increased year over year to NT$170.7 million from NT$74.1 million, and total operating expenses climbed on an annual basis to NT$175.0 million from NT$72.9 million.

Reported net income rose 79.1% on an annual basis to NT$1.3 million, or 4 cents per share, from NT$709,590, or 3 cents per share.

As of May 15, US$1 was equivalent to NT$30.44.