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Dacome International swings to profit in Q1

Dacome International Ltd. said its normalized net income for the first quarter came to NT$51,880, compared with a loss of NT$563,750 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 0.0% from negative 0.4% in the year-earlier period.

Total revenue fell year over year to NT$131.3 million from NT$136.8 million, and total operating expenses decreased from the prior-year period to NT$132.2 million from NT$138.0 million.

Reported net income rose on an annual basis to NT$3.0 million, or 9 cents per share, from NT$137,000, or 0 cents per share.

As of May 13, US$1 was equivalent to NT$30.62.