Luhai Holding Corp. said its normalized net income for the first quarter was 59 Taiwan cents per share, compared with the S&P Capital IQ consensus estimate of 73 cents per share.
EPS climbed 22.0% year over year from 49 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$46.4 million, an increase of 22.1% from NT$38.0 million in the year-earlier period.
The normalized profit margin climbed to 7.1% from 6.0% in the year-earlier period.
Total revenue grew on an annual basis to NT$650.8 million from NT$629.1 million, and total operating expenses climbed from the prior-year period to NT$583.3 million from NT$570.4 million.
Reported net income grew 22.4% from the prior-year period to NT$58.3 million, or 75 cents per share, from NT$47.6 million, or 61 cents per share.
As of May 12, US$1 was equivalent to NT$30.75.
