Newmax Technology Co. Ltd. said its first-quarter normalized net income was a loss of NT$1.05 per share, compared with a loss of NT$1.34 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of NT$106.2 million, compared with a loss of NT$136.3 million in the year-earlier period.
The normalized profit margin rose to negative 53.4% from negative 74.3% in the year-earlier period.
Total revenue increased 8.4% year over year to NT$198.7 million from NT$183.3 million, and total operating expenses fell 8.2% on an annual basis to NT$375.3 million from NT$408.8 million.
Reported net income totaled a loss of NT$170.5 million, or a loss of NT$1.68 per share, compared to a loss of NT$217.5 million, or a loss of NT$2.15 per share, in the year-earlier period.
As of May 13, US$1 was equivalent to NT$32.68.
