TTFB Co. Ltd. said its normalized net income for the second quarter was NT$2.71 per share, compared with the S&P Capital IQ consensus estimate of NT$3.65 per share.

In the prior-year period, the per-share result was a profit of NT$2.72.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$63.2 million, compared with NT$63.4 million in the year-earlier period.

The normalized profit margin declined to 6.6% from 7.5% in the year-earlier period.

Total revenue climbed 11.7% on an annual basis to NT$950.1 million from NT$850.8 million, and total operating expenses climbed 13.2% from the prior-year period to NT$851.5 million from NT$752.0 million.

Reported net income totaled NT$83.6 million, or NT$3.59 per share, compared to NT$82.9 million, or NT$3.56 per share, in the year-earlier period.

As of Aug. 10, US$1 was equivalent to NT$31.04.