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Enterex International Q1 profit climbs 100.0% YOY

Enterex International Ltd. said its normalized net income for the first quarter was 98 Taiwan cents per share, a gain from 49 cents 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$97.5 million, an increase of 100.0% from NT$48.7 million in the year-earlier period.

The normalized profit margin climbed to 6.4% from 3.7% in the year-earlier period.

Total revenue climbed 15.8% on an annual basis to NT$1.52 billion from NT$1.32 billion, and total operating expenses rose 9.5% on an annual basis to NT$1.35 billion from NT$1.23 billion.

Reported net income increased from the prior-year period to NT$121.8 million, or NT$1.23 per share, from NT$48.2 million, or 48 cents per share.

As of May 13, US$1 was equivalent to NT$32.68.