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Mobiletron Electronics Q2 profit climbs 18.4% YOY

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Mobiletron Electronics Q2 profit climbs 18.4% YOY

Mobiletron Electronics Co. Ltd. said its second-quarter normalized net income was 37 Taiwan cents per share, an increase of 18.5% from 31 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$36.4 million, a gain of 18.4% from NT$30.7 million in the prior-year period.

The normalized profit margin rose to 6.2% from 4.8% in the year-earlier period.

Total revenue decreased 7.5% year over year to NT$588.0 million from NT$635.5 million, and total operating expenses decreased 9.9% on an annual basis to NT$528.1 million from NT$586.4 million.

Reported net income decreased 60.7% on an annual basis to NT$10.4 million, or 11 cents per share, from NT$26.6 million, or 27 cents per share.

As of Aug. 12, US$1 was equivalent to NT$31.39.