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I Yuan Precision Q1 profit climbs 15.3% YOY

I Yuan Precision Industrial Co. Ltd. said its normalized net income for the first quarter came to NT$1.02 per share, compared with the S&P Capital IQ consensus estimate of NT$1.02 per share.

In the prior-year period, the per-share result came in at a profit of NT$1.01.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$32.6 million, a gain of 15.3% from NT$28.3 million in the year-earlier period.

The normalized profit margin increased to 15.2% from 14.2% in the year-earlier period.

Total revenue climbed 7.8% year over year to NT$214.5 million from NT$199.1 million, and total operating expenses decreased year over year to NT$162.9 million from NT$164.6 million.

Reported net income rose 20.2% from the prior-year period to NT$45.3 million, or NT$1.42 per share, from NT$37.7 million, or NT$1.35 per share.

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