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Evertex fabrinology Q1 profit falls YOY

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Evertex fabrinology Q1 profit falls YOY

evertex fabrinology Ltd. said its first-quarter normalized net income came to 15 Taiwan cents per share, a decline of 10.0% from 17 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$13.1 million, a decrease of 10.0% from NT$14.6 million in the year-earlier period.

The normalized profit margin declined to 6.6% from 7.2% in the year-earlier period.

Total revenue totaled NT$199.7 million, compared with NT$201.4 million in the prior-year period, and total operating expenses totaled NT$178.4 million, compared with NT$179.7 million in the prior-year period.

Reported net income decreased 21.7% year over year to NT$15.4 million, or 18 cents per share, from NT$19.7 million, or 23 cents per share.

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