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Jean Co. Ltd. Q2 profit falls YOY

Jean Co. Ltd. said its normalized net income for the second quarter came to 2 Taiwan cents per share, a decrease of 80.3% from 9 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$4.2 million, a decline of 80.8% from NT$21.9 million in the year-earlier period.

The normalized profit margin declined to 7.7% from 11.0% in the year-earlier period.

Total revenue climbed 18.4% on an annual basis to NT$236.4 million from NT$199.7 million, and total operating expenses grew 22.5% year over year to NT$242.5 million from NT$198.0 million.

Reported net income rose year over year to NT$18.0 million, or 8 cents per share, from NT$4.8 million, or 2 cents per share.

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