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Holiday Entertainment Q3 profit falls YOY

Holiday Entertainment Co. Ltd. said its normalized net income for the third quarter amounted to 78 Taiwan cents per share, a decrease of 26.6% from NT$1.06 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$114.4 million, a decrease of 26.6% from NT$155.8 million in the year-earlier period.

The normalized profit margin dropped to 15.4% from 20.3% in the year-earlier period.

Total revenue fell on an annual basis to NT$742.5 million from NT$766.5 million, and total operating expenses fell from the prior-year period to NT$607.3 million from NT$631.3 million.

Reported net income declined 26.8% from the prior-year period to NT$160.6 million, or NT$1.09 per share, from NT$219.5 million, or NT$1.49 per share.

As of Nov. 9, US$1 was equivalent to NT$31.55.