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KMC (Kuei Meng) International profit misses consensus by 25.1% in Q1

KMC (Kuei Meng) International Inc. said its first-quarter normalized net income came to NT$1.18 per share, compared with the S&P Capital IQ consensus estimate of NT$1.58 per share.

EPS increased 53.3% year over year from 77 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$129.2 million, a gain of 58.5% from NT$81.5 million in the prior-year period.

The normalized profit margin rose to 15.8% from 12.9% in the year-earlier period.

Total revenue climbed 29.5% on an annual basis to NT$818.0 million from NT$631.7 million, and total operating expenses rose 18.8% year over year to NT$601.3 million from NT$505.9 million.

Reported net income rose 57.1% year over year to NT$172.6 million, or NT$1.58 per share, from NT$109.9 million, or NT$1.04 per share.

As of May 14, US$1 was equivalent to NT$30.54.