Fu Yu Property Co. Ltd. said its normalized net income for the first quarter came to a loss of 6 Taiwan cents per share, compared with a loss of 4 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 a loss of NT$6.8 million, compared with a loss of NT$4.8 million in the year-earlier period.
The normalized profit margin was 32.1%.
Total revenue grew on an annual basis to NT$21.1 million from NT$105,000, and total operating expenses grew year over year to NT$31.5 million from NT$7.8 million.
Reported net income came to a loss of NT$10.1 million, or a loss of 9 cents per share, compared to a loss of NT$7.1 million, or a loss of 6 cents per share, in the prior-year period.
As of May 13, US$1 was equivalent to NT$32.68.