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Taiwan Paiho Q1 profit climbs 5.8% YOY

Taiwan Paiho Ltd said its first-quarter normalized net income came to 64 Taiwan cents per share, compared with the S&P Capital IQ consensus estimate of 69 cents per share.

EPS increased 5.8% year over year from 60 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$190.3 million, an increase of 5.8% from NT$179.9 million in the year-earlier period.

The normalized profit margin climbed to 8.9% from 8.5% in the year-earlier period.

Total revenue grew year over year to NT$2.15 billion from NT$2.11 billion, and total operating expenses declined from the prior-year period to NT$1.75 billion from NT$1.78 billion.

Reported net income rose 13.7% from the prior-year period to NT$247.6 million, or 83 cents per share, from NT$217.8 million, or 73 cents per share.

As of May 6, US$1 was equivalent to NT$30.61.