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Advanced International Multitech Q1 profit falls YOY

4911327 said its first-quarter normalized net income came to 22 Taiwan cents per share, a decline of 48.1% from 42 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$29.5 million, a decline of 48.1% from NT$56.7 million in the year-earlier period.

The normalized profit margin declined to 1.2% from 1.8% in the year-earlier period.

Total revenue declined 21.0% year over year to NT$2.52 billion from NT$3.19 billion, and total operating expenses decreased 21.1% on an annual basis to NT$2.45 billion from NT$3.11 billion.

Reported net income decreased 67.9% from the prior-year period to NT$22.9 million, or 17 cents per share, from NT$71.2 million, or 53 cents per share.

s of May 14, US$1 was equivalent to NT$30.54.Advanced International Multitech Co. Ltd.

4911327 said its first-quarter normalized net income came to 22 Taiwan cents per share, a decline of 48.1% from 42 cents per share in the year-earlier period.