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Global PMX Q1 profit climbs YOY

Global PMX Co. Ltd. said its normalized net income for the first quarter came to NT$1.15 per share, a gain from 53 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 NT$94.1 million, a gain from NT$40.2 million in the prior-year period.

The normalized profit margin rose to 11.1% from 5.2% in the year-earlier period.

Total revenue rose 9.6% on an annual basis to NT$844.7 million from NT$770.7 million, and total operating expenses declined from the prior-year period to NT$684.5 million from NT$695.8 million.

Reported net income rose year over year to NT$103.5 million, or NT$1.26 per share, from NT$48.9 million, or 65 cents per share.

As of May 11, US$1 was equivalent to NT$32.52.