Thunder Tiger Corp. said its normalized net income for the first quarter came to a loss of 39 Taiwan cents per share, compared with a loss of 23 cents per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of NT$38.7 million, compared with a loss of NT$18.0 million in the year-earlier period.
The normalized profit margin declined to negative 16.5% from negative 5.8% in the year-earlier period.
Total revenue declined 24.0% year over year to NT$234.7 million from NT$308.9 million, and total operating expenses decreased 15.6% year over year to NT$285.9 million from NT$338.7 million.
Reported net income totaled a loss of NT$67.8 million, or a loss of 69 cents per share, compared to a loss of NT$39.1 million, or a loss of 50 cents per share, in the prior-year period.
As of May 13, US$1 was equivalent to NT$30.62.
