Senao International Co. Ltd. said its normalized net income for the first quarter came to 43 Taiwan cents per share, compared with the S&P Capital IQ consensus estimate of NT$1.20 per share.
EPS fell 17.4% year over year from 52 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$110.3 million, a decrease of 17.7% from NT$134.0 million in the prior-year period.
The normalized profit margin fell to 1.2% from 1.3% in the year-earlier period.
Total revenue declined 13.7% year over year to NT$9.11 billion from NT$10.56 billion, and total operating expenses decreased 13.3% year over year to NT$9.03 billion from NT$10.42 billion.
Reported net income fell 28.9% year over year to NT$129.3 million, or 50 cents per share, from NT$181.9 million, or 70 cents per share.
As of May 11, US$1 was equivalent to NT$30.76.
