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Topkey Q2 profit climbs 19.0% YOY

Topkey Corp. said its second-quarter normalized net income amounted to NT$1.71 per share, compared with the S&P Capital IQ consensus estimate of NT$1.64 per share.

EPS rose 19.1% year over year from NT$1.44.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$155.7 million, a gain of 19.0% from NT$130.9 million in the year-earlier period.

The normalized profit margin increased to 9.0% from 7.6% in the year-earlier period.

Total revenue totaled NT$1.73 billion, compared with NT$1.73 billion in the prior-year period, and total operating expenses totaled NT$1.55 billion, compared with NT$1.57 billion in the year-earlier period.

Reported net income increased 14.6% on an annual basis to NT$191.9 million, or NT$2.11 per share, from NT$167.5 million, or NT$1.84 per share.

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