Honmyue Enterprise Co. Ltd. said its first-quarter normalized net income came to 11 Taiwan cents per share, a gain from 4 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 NT$14.0 million, a gain from NT$4.7 million in the prior-year period.
The normalized profit margin climbed to 1.7% from 0.5% in the year-earlier period.
Total revenue fell year over year to NT$843.8 million from NT$869.8 million, and total operating expenses declined 4.9% from the prior-year period to NT$817.9 million from NT$860.1 million.
Reported net income grew from the prior-year period to NT$19.5 million, or 15 cents per share, from NT$5.2 million, or 4 cents per share.
As of May 13, US$1 was equivalent to NT$30.62.
