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Dadi Early-Childhood Education Q1 profit climbs 42.1% YOY

Dadi Early-Childhood Education Group Ltd. said its normalized net income for the first quarter was NT$1.81 per share, compared with the S&P Capital IQ consensus estimate of NT$1.96 per share.

EPS climbed 16.7% year over year from NT$1.55.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$65.9 million, a gain of 42.1% from NT$46.4 million in the prior-year period.

The normalized profit margin rose to 37.1% from 34.3% in the year-earlier period.

Total revenue grew 31.3% on an annual basis to NT$177.5 million from NT$135.2 million, and total operating expenses grew 5.1% from the prior-year period to NT$70.7 million from NT$67.3 million.

Reported net income increased 44.3% from the prior-year period to NT$74.8 million, or NT$2.06 per share, from NT$51.8 million, or NT$1.74 per share.

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