Jabon International Co. Ltd. said its normalized net income for the first quarter amounted to a loss of 6 Taiwan cents per share, compared with a loss of 14 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$3.5 million, compared with a loss of NT$7.1 million in the prior-year period.
The normalized profit margin increased to negative 0.7% from negative 1.9% in the year-earlier period.
Total revenue increased 28.3% year over year to NT$472.6 million from NT$368.3 million, and total operating expenses increased 22.1% on an annual basis to NT$482.9 million from NT$395.6 million.
Reported net income totaled NT$6.8 million, or 11 cents per share, compared to a loss of NT$14.5 million, or a loss of 28 cents per share, in the prior-year period.
As of May 14, US$1 was equivalent to NT$30.54.
