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My Humble House Q4 profit climbs 64.6% YOY

My Humble House Hospitality Management Consulting Co. Ltd. said its normalized net income for the fourth quarter came to NT$1.03 per share, a gain of 64.2% from 63 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$104.4 million, an increase of 64.6% from NT$63.4 million in the prior-year period.

The normalized profit margin rose to 8.2% from 5.2% in the year-earlier period.

Total revenue totaled NT$1.21 billion, compared with NT$1.21 billion in the year-earlier period, and total operating expenses fell on an annual basis to NT$1.08 billion from NT$1.12 billion.

Reported net income increased 75.9% year over year to NT$144.3 million, or NT$1.43 per share, from NT$82.0 million, or 81 cents per share.

For the year, the company's normalized net income totaled NT$2.25 per share, a gain of 24.8% from NT$1.80 per share in the prior year.

Normalized net income was NT$227.0 million, a rise of 11.6% from NT$203.4 million in the prior year.

Full-year total revenue totaled NT$4.45 billion, compared with NT$4.45 billion in the prior year, and total operating expenses totaled NT$4.14 billion, compared with NT$4.13 billion in the prior-year period.

The company said reported net income grew 6.5% year over year to NT$302.6 million, or NT$3.00 per share, in the full year, from NT$284.2 million, or NT$2.52 per share.

As of March 29, US$1 was equivalent to NT$32.58.