Enterex International Ltd. said its first-quarter normalized net income was 49 Taiwan cents per share, compared with the S&P Capital IQ consensus estimate of 62 cents per share.

EPS declined 16.3% year over year from 58 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$48.7 million, a decrease of 5.8% from NT$51.8 million in the year-earlier period.

The normalized profit margin declined to 3.7% from 4.2% in the year-earlier period.

Total revenue grew 7.4% year over year to NT$1.32 billion from NT$1.23 billion, and total operating expenses rose 9.2% year over year to NT$1.23 billion from NT$1.12 billion.

Reported net income increased 12.5% year over year to NT$48.2 million, or 48 cents per share, from NT$42.9 million, or 48 cents per share.

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