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Holiday Entertainment Q1 profit climbs 51.9% YOY

Holiday Entertainment Co. Ltd. said its normalized net income for the first quarter amounted to NT$1.63 per share, an increase of 51.9% from NT$1.07 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$239.6 million, a gain of 51.9% from NT$157.7 million in the prior-year period.

The normalized profit margin climbed to 27.2% from 18.3% in the year-earlier period.

Total revenue rose on an annual basis to NT$880.1 million from NT$859.9 million, and total operating expenses declined on an annual basis to NT$637.0 million from NT$668.8 million.

Reported net income increased 66.7% on an annual basis to NT$361.0 million, or NT$2.45 per share, from NT$216.6 million, or NT$1.47 per share.

As of May 8, US$1 was equivalent to NT$30.70.