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Paiho Shih Holdings Q2 profit climbs 26.6% YOY

Paiho Shih Holdings Corp. said its normalized net income for the second quarter amounted to 44 Taiwan cents per share, compared with the S&P Capital IQ consensus estimate of 40 cents per share.

EPS rose 26.6% year over year from 35 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$117.8 million, a gain of 26.6% from NT$93.1 million in the year-earlier period.

The normalized profit margin climbed to 13.0% from 10.4% in the year-earlier period.

Total revenue rose on an annual basis to NT$909.2 million from NT$895.3 million, and total operating expenses fell from the prior-year period to NT$712.5 million from NT$745.7 million.

Reported net income increased 28.9% year over year to NT$141.1 million, or 53 cents per share, from NT$109.5 million, or 41 cents per share.

As of Aug. 11, US$1 was equivalent to NT$32.22.