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YaHorng Electronic Q2 profit climbs 13.3% YOY

YaHorng Electronic Co. Ltd. said its normalized net income for the second quarter came to 45 Taiwan cents per share, a gain of 13.1% from 40 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$40.1 million, a gain of 13.3% from NT$35.4 million in the year-earlier period.

The normalized profit margin climbed to 4.8% from 3.8% in the year-earlier period.

Total revenue fell 9.7% year over year to NT$830.5 million from NT$919.9 million, and total operating expenses fell 10.7% on an annual basis to NT$772.1 million from NT$864.8 million.

Reported net income increased 10.2% year over year to NT$49.2 million, or 55 cents per share, from NT$44.7 million, or 50 cents per share.

As of Aug. 10, US$1 was equivalent to NT$31.65.