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Gordon Auto Body Parts Q4 profit climbs YOY

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Gordon Auto Body Parts Q4 profit climbs YOY

Gordon Auto Body Parts Co. Ltd. said its normalized net income for the fourth quarter was 26 Taiwan cents per share, an increase from 2 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$46.6 million, an increase from NT$3.6 million in the prior-year period.

The normalized profit margin rose to 7.2% from 0.5% in the year-earlier period.

Total revenue totaled NT$686.6 million, compared with NT$681.4 million in the year-earlier period, and total operating expenses decreased 12.3% year over year to NT$600.9 million from NT$685.5 million.

Reported net income increased on an annual basis to NT$64.7 million, or 36 cents per share, from NT$3.9 million, or 2 cents per share.

For the year, the company's normalized net income totaled 41 cents per share, a gain from 1 cents per share in the prior year.

Normalized net income was NT$72.9 million, a rise from NT$2.1 million in the prior year.

Full-year total revenue amounted to NT$2.49 billion, compared with NT$2.47 billion in the prior year, and total operating expenses fell 5.1% year over year to NT$2.33 billion from NT$2.46 billion.

The company said reported net income came to a loss of NT$190.5 million, or a loss of NT$1.06 per share, in the full year, compared with income of NT$5.9 million, or 3 cents per share, the prior year.

As of March 28, US$1 was equivalent to NT$32.62.