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Unimicron Technology Q1 loss narrows YOY

Unimicron Technology Corp. said its first-quarter normalized net income was a loss of 4 Taiwan cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 1 cents per share.

The per-share loss decreased 86.0% year over year from 30 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of NT$62.2 million, compared with a loss of NT$452.9 million in the prior-year period.

The normalized profit margin increased to negative 0.4% from negative 3.4% in the year-earlier period.

Total revenue rose 14.2% year over year to NT$15.33 billion from NT$13.42 billion, and total operating expenses increased 7.9% year over year to NT$15.28 billion from NT$14.16 billion.

Reported net income totaled a loss of NT$224.5 million, or a loss of 15 cents per share, compared to a loss of NT$563.7 million, or a loss of 37 cents per share, in the prior-year period.

As of May 13, US$1 was equivalent to NT$32.68.