De Licacy Industrial Co. Ltd. said its normalized net income for the first quarter came to 12 Taiwan cents per share, compared with the S&P Capital IQ consensus estimate of 38 cents per share.

EPS decreased 31.3% year over year from 18 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$31.0 million, a decrease of 25.8% from NT$41.7 million in the year-earlier period.

The normalized profit margin fell to 1.7% from 2.6% in the year-earlier period.

Total revenue rose 17.6% year over year to NT$1.85 billion from NT$1.58 billion, and total operating expenses increased 19.5% from the prior-year period to NT$1.77 billion from NT$1.48 billion.

Reported net income grew 64.2% on an annual basis to NT$96.5 million, or 38 cents per share, from NT$58.8 million, or 25 cents per share.

As of May 12, US$1 was equivalent to NT$32.56.