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Topbi International Q2 profit climbs 38.7% YOY

Topbi International Holdings Ltd. said its second-quarter normalized net income amounted to NT$3.18 per share, compared with the S&P Capital IQ consensus estimate of NT$3.14 per share.

EPS climbed 38.8% year over year from NT$2.29.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$242.9 million, a gain of 38.7% from NT$175.1 million in the prior-year period.

The normalized profit margin rose to 17.1% from 13.0% in the year-earlier period.

Total revenue grew 5.7% year over year to NT$1.42 billion from NT$1.35 billion, and total operating expenses decreased from the prior-year period to NT$1.03 billion from NT$1.08 billion.

Reported net income rose 53.2% year over year to NT$285.8 million, or NT$3.74 per share, from NT$186.6 million, or NT$2.44 per share.

As of Aug. 10, US$1 was equivalent to NT$31.04.