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De Licacy Industrial profit misses consensus by 59.4% in Q2

De Licacy Industrial Co. Ltd. said its normalized net income for the second quarter amounted to 16 Taiwan cents per share, compared with the S&P Capital IQ consensus estimate of 40 cents per share.

EPS declined 9.9% year over year from 18 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$45.7 million, an increase from NT$44.4 million in the prior-year period.

The normalized profit margin dropped to 2.7% from 2.8% in the year-earlier period.

Total revenue climbed 8.9% year over year to NT$1.71 billion from NT$1.57 billion, and total operating expenses climbed 8.8% year over year to NT$1.58 billion from NT$1.45 billion.

Reported net income totaled NT$68.8 million, or 25 cents per share, compared to NT$69.3 million, or 28 cents per share, in the year-earlier period.

As of Aug. 11, US$1 was equivalent to NT$31.26.