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Dadi Early-Childhood Education Q2 profit climbs 72.5% YOY

Dadi Early-Childhood Education Group Ltd. said its normalized net income for the second quarter amounted to NT$1.75 per share, compared with the S&P Capital IQ consensus estimate of NT$2.00 per share.

EPS climbed 51.7% year over year from NT$1.15.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$63.4 million, an increase of 72.5% from NT$36.8 million in the prior-year period.

The normalized profit margin rose to 42.4% from 30.5% in the year-earlier period.

Total revenue climbed 24.2% on an annual basis to NT$149.7 million from NT$120.6 million, and total operating expenses decreased 15.5% from the prior-year period to NT$55.7 million from NT$65.9 million.

Reported net income grew 86.9% on an annual basis to NT$73.2 million, or NT$2.01 per share, from NT$39.1 million, or NT$1.23 per share.

As of Aug. 15, US$1 was equivalent to NT$31.33.