Gordon Auto Body Parts Co. Ltd. said its normalized net income for the second quarter was 26 Taiwan cents per share, compared with a loss of 5 cents per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$46.1 million, compared with a loss of NT$8.8 million in the year-earlier period.
The normalized profit margin climbed to 7.2% from negative 1.5% in the year-earlier period.
Total revenue grew 6.6% on an annual basis to NT$637.8 million from NT$598.5 million, and total operating expenses decreased 7.3% from the prior-year period to NT$553.1 million from NT$596.8 million.
Reported net income totaled NT$57.6 million, or 32 cents per share, compared to a loss of NT$75.5 million, or a loss of 42 cents per share, in the year-earlier period.
As of Aug. 10, US$1 was equivalent to NT$31.04.