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Global View Q4 profit falls YOY

Global View Co. Ltd. said its fourth-quarter normalized net income amounted to 28 Taiwan cents per share, a decline of 23.5% from 37 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$17.6 million, a decline of 15.2% from NT$20.8 million in the year-earlier period.

The normalized profit margin increased to 32.8% from 29.7% in the year-earlier period.

Total revenue declined 23.4% year over year to NT$53.7 million from NT$70.1 million, and total operating expenses decreased 14.0% from the prior-year period to NT$43.3 million from NT$50.4 million.

Reported net income fell 49.6% year over year to NT$15.2 million, or 24 cents per share, from NT$30.0 million, or 52 cents per share.

For the year, the company's normalized net income totaled 88 cents per share, a gain of 57.8% from 56 cents per share in the prior year.

Normalized net income was NT$55.3 million, a rise of 61.9% from NT$34.2 million in the prior year.

Full-year total revenue decreased 9.4% year over year to NT$218.8 million from NT$241.5 million, and total operating expenses fell 15.5% year over year to NT$175.2 million from NT$207.3 million.

The company said reported net income decreased 75.4% year over year to NT$138.8 million, or NT$2.20 per share, in the full year, from NT$564.0 million, or NT$9.17 per share.

As of March 1, US$1 was equivalent to NT$33.15.