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Jui Li Enterprise Q3 loss widens 30.8% YOY

Jui Li Enterprise Co. Ltd. said its third-quarter normalized net income amounted to a loss of 20 Taiwan cents per share, compared with a loss of 15 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 a loss of NT$36.8 million, compared with a loss of NT$28.1 million in the year-earlier period.

The normalized profit margin dropped to negative 4.3% from negative 3.1% in the year-earlier period.

Total revenue decreased 6.1% on an annual basis to NT$851.5 million from NT$907.0 million, and total operating expenses decreased year over year to NT$902.3 million from NT$948.8 million.

Reported net income totaled a loss of NT$7.1 million, or a loss of 4 cents per share, compared to a loss of NT$60.4 million, or a loss of 33 cents per share, in the prior-year period.

As of Nov. 12, US$1 was equivalent to NT$32.73.