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Hunya Foods Q4 profit climbs 19.4% YOY

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Hunya Foods Q4 profit climbs 19.4% YOY

Hunya Foods Co. Ltd. said its normalized net income for the fourth quarter came to 29 Taiwan cents per share, a gain of 19.4% from 24 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$31.7 million, a gain of 19.4% from NT$26.5 million in the year-earlier period.

The normalized profit margin increased to 5.0% from 4.3% in the year-earlier period.

Total revenue increased on an annual basis to NT$630.7 million from NT$617.9 million, and total operating expenses climbed year over year to NT$583.8 million from NT$577.4 million.

Reported net income rose 12.8% year over year to NT$43.8 million, or 40 cents per share, from NT$38.8 million, or 36 cents per share.

For the year, the company's normalized net income totaled 69 cents per share, a gain of 84.5% from 37 cents per share in the prior year.

Normalized net income was NT$74.3 million, a rise of 84.5% from NT$40.3 million in the prior year.

Full-year total revenue decreased year over year to NT$2.32 billion from NT$2.37 billion, and total operating expenses declined year over year to NT$2.21 billion from NT$2.32 billion.

The company said reported net income declined 39.2% year over year to NT$101.8 million, or 94 cents per share, in the full year, from NT$167.5 million, or NT$1.55 per share.

As of Feb. 24, US$1 was equivalent to NT$33.34.