De Licacy Industrial Co. Ltd. said its normalized net income for the first quarter amounted to 18 Taiwan cents per share, a gain from 6 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$41.7 million, an increase from NT$13.5 million in the year-earlier period.

The normalized profit margin climbed to 2.6% from 1.1% in the year-earlier period.

Total revenue grew 34.1% year over year to NT$1.58 billion from NT$1.18 billion, and total operating expenses rose 26.2% on an annual basis to NT$1.48 billion from NT$1.17 billion.

Reported net income rose on an annual basis to NT$60.3 million, or 25 cents per share, from NT$6.5 million, or 3 cents per share.

As of May 14, US$1 was equivalent to NT$30.54.