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Suzhou TA&A Q4 profit climbs 20.5% YOY

Suzhou TA&A Ultra Clean Technology Co. Ltd. said its normalized net income for the fourth quarter amounted to 3 fen per share, a decline of 27.0% from 3 fen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 7.5 million yuan, a gain of 20.5% from 6.2 million yuan in the prior-year period.

The normalized profit margin dropped to 4.8% from 6.1% in the year-earlier period.

Total revenue increased 24.0% year over year to 126.2 million yuan from 101.8 million yuan, and total operating expenses climbed 24.8% from the prior-year period to 114.0 million yuan from 91.4 million yuan.

Reported net income totaled 11.8 million yuan, or 4 fen per share, compared to 11.8 million yuan, or 7 fen per share, in the year-earlier period.

For the year, the company's normalized net income totaled 11 fen per share, a decline of 9.3% from 13 fen per share in the prior year.

Normalized net income was 33.8 million yuan, an increase of 15.4% from 29.3 million yuan in the prior year.

Full-year total revenue grew 17.9% on an annual basis to 460.1 million yuan from 390.1 million yuan, and total operating expenses increased 18.4% year over year to 406.3 million yuan from 343.0 million yuan.

The company said reported net income grew 13.0% year over year to 47.1 million yuan, or 16 fen per share, in the full year, from 41.6 million yuan, or 18 fen per share.

As of March 29, US$1 was equivalent to 6.51 yuan.