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Amulaire Thermal Technology H1 profit climbs YOY

Amulaire Thermal Technology Inc. said its first-half normalized net income amounted to 41 Taiwan cents per share, an increase from 18 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$29.1 million, a gain from NT$9.3 million in the prior-year period.

Total revenue grew year over year to NT$234.8 million from NT$98.6 million, and total operating expenses climbed year over year to NT$183.7 million from NT$80.8 million.

Reported net income increased from the prior-year period to NT$47.4 million, or 67 cents per share, from NT$15.7 million, or 31 cents per share.

As of Aug. 12, US$1 was equivalent to NT$31.39.