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Sunrise International Development H1 loss widens YOY

Sunrise International Development Co. Ltd. said its normalized net income for the first half was a loss of 71 Taiwan cents per share, compared with a loss of 44 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 a loss of NT$32.5 million, compared with a loss of NT$15.6 million in the year-earlier period.

Total revenue increased 29.1% year over year to NT$48.1 million from NT$37.3 million, and total operating expenses grew 56.2% from the prior-year period to NT$90.4 million from NT$57.9 million.

Reported net income totaled a loss of NT$52.0 million, or a loss of NT$1.14 per share, compared to a loss of NT$26.4 million, or a loss of 74 cents per share, in the year-earlier period.

As of Aug. 15, US$1 was equivalent to NT$31.33.