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Dyaco International Q1 profit climbs YOY

Dyaco International Inc. said its first-quarter normalized net income was 79 Taiwan cents per share, an increase from 26 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$64.7 million, a gain from NT$20.3 million in the prior-year period.

The normalized profit margin climbed to 5.6% from 1.9% in the year-earlier period.

Total revenue grew 5.7% year over year to NT$1.15 billion from NT$1.09 billion, and total operating expenses fell from the prior-year period to NT$1.02 billion from NT$1.04 billion.

Reported net income rose year over year to NT$73.9 million, or 90 cents per share, from NT$17.2 million, or 22 cents per share.

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