Charoen Pokphand Enterprise (Taiwan) Co. Ltd. said its normalized net income for the first quarter came to 53 Taiwan cents per share, compared with the S&P Capital IQ consensus estimate of 82 cents per share.
EPS fell year over year from 54 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$141.8 million, a decrease from NT$144.1 million in the year-earlier period.
The normalized profit margin increased to 3.5% from 3.5% in the year-earlier period.
Total revenue fell on an annual basis to NT$4.01 billion from NT$4.16 billion, and total operating expenses decreased year over year to NT$3.78 billion from NT$3.93 billion.
Reported net income declined 13.2% from the prior-year period to NT$175.6 million, or 65 cents per share, from NT$202.5 million, or 75 cents per share.
As of May 13, US$1 was equivalent to NT$30.62.
