Topbi International Holdings Ltd. said its first-quarter normalized net income came to NT$2.10 per share, an increase from NT$2.04 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$160.7 million, a gain from NT$155.9 million in the year-earlier period.
The normalized profit margin fell to 15.6% from 17.9% in the year-earlier period.
Total revenue increased 18.2% year over year to NT$1.03 billion from NT$872.4 million, and total operating expenses grew 26.4% year over year to NT$793.1 million from NT$627.4 million.
Reported net income increased from the prior-year period to NT$171.4 million, or NT$2.24 per share, from NT$164.4 million, or NT$2.15 per share.
As of May 11, US$1 was equivalent to NT$30.76.
