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Wowprime profit beats consensus by 69.0% in Q1

Wowprime Corp. said its normalized net income for the first quarter amounted to NT$1.98 per share, compared with the S&P Capital IQ consensus estimate of NT$1.17 per share.

EPS decreased 36.2% year over year from NT$3.10.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$152.3 million, a decrease of 36.2% from NT$238.8 million in the prior-year period.

The normalized profit margin dropped to 3.5% from 5.5% in the year-earlier period.

Total revenue grew on an annual basis to NT$4.38 billion from NT$4.31 billion, and total operating expenses climbed year over year to NT$4.01 billion from NT$3.87 billion.

Reported net income fell 46.6% from the prior-year period to NT$159.4 million, or NT$2.07 per share, from NT$298.7 million, or NT$3.88 per share.

As of May 11, US$1 was equivalent to NT$30.76.