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KWorld Computer Q1 loss narrows YOY

Kworld Computer Co.Ltd. said its normalized net income for the first quarter came to a loss of 20 Taiwan cents per share, compared with a loss of 21 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 a loss of NT$9.0 million, compared with a loss of NT$9.1 million in the prior-year period.

The normalized profit margin declined to negative 10.4% from negative 10.2% in the year-earlier period.

Total revenue declined on an annual basis to NT$85.8 million from NT$89.7 million, and total operating expenses decreased on an annual basis to NT$106.0 million from NT$108.8 million.

Reported net income came to a loss of NT$16.2 million, or a loss of 37 cents per share, compared to a loss of NT$15.3 million, or a loss of 35 cents per share, in the year-earlier period.

As of May 13, US$1 was equivalent to NT$32.68.