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.