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YaHorng Electronic Q2 profit climbs 87.9% YOY

YaHorng Electronic Co. Ltd. said its normalized net income for the second quarter was 84 Taiwan cents per share, a gain of 87.8% from 45 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$75.3 million, a gain of 87.9% from NT$40.1 million in the year-earlier period.

The normalized profit margin increased to 8.5% from 4.8% in the year-earlier period.

Total revenue increased 6.2% year over year to NT$882.2 million from NT$830.5 million, and total operating expenses rose from the prior-year period to NT$786.9 million from NT$772.1 million.

Reported net income increased 98.3% year over year to NT$97.6 million, or NT$1.09 per share, from NT$49.2 million, or 55 cents per share.

As of Aug. 9, US$1 was equivalent to NT$31.35.