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POYA International profit misses consensus by 25.1% in Q2

POYA International Co. Ltd. said its second-quarter normalized net income amounted to NT$1.54 per share, compared with the S&P Capital IQ consensus estimate of NT$2.06 per share.

EPS increased 20.5% year over year from NT$1.28.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$150.0 million, a gain of 21.2% from NT$123.7 million in the year-earlier period.

The normalized profit margin fell to 5.8% from 5.9% in the year-earlier period.

Total revenue increased 21.7% on an annual basis to NT$2.57 billion from NT$2.11 billion, and total operating expenses climbed 21.5% year over year to NT$2.33 billion from NT$1.92 billion.

Reported net income increased 26.6% from the prior-year period to NT$206.9 million, or NT$2.13 per share, from NT$163.5 million, or NT$1.69 per share.

As of July 29, US$1 was equivalent to NT$31.44.