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Enterex International Q2 profit climbs YOY

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Enterex International Q2 profit climbs YOY

Enterex International Ltd. said its second-quarter normalized net income was NT$1.10 per share, compared with the S&P Capital IQ consensus estimate of NT$1.07 per share.

EPS increased year over year from 32 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$108.6 million, an increase from NT$32.5 million in the prior-year period.

The normalized profit margin climbed to 7.6% from 2.6% in the year-earlier period.

Total revenue rose 13.2% on an annual basis to NT$1.44 billion from NT$1.27 billion, and total operating expenses climbed year over year to NT$1.26 billion from NT$1.20 billion.

Reported net income grew on an annual basis to NT$127.8 million, or NT$1.29 per share, from NT$41.2 million, or 41 cents per share.

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