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Global View Q1 profit climbs YOY

Global View Co. Ltd. said its normalized net income for the first quarter amounted to 31 Taiwan cents per share, an increase from 15 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$19.8 million, an increase from NT$9.4 million in the prior-year period.

The normalized profit margin increased to 34.5% from 16.3% in the year-earlier period.

Total revenue totaled NT$57.6 million, compared with NT$57.5 million in the prior-year period, and total operating expenses declined 6.5% year over year to NT$42.2 million from NT$45.1 million.

Reported net income rose on an annual basis to NT$59.3 million, or 94 cents per share, from NT$15.8 million, or 25 cents per share.

As of May 12, US$1 was equivalent to NT$32.56.