Hanpin Electron Co. Ltd. said its normalized net income for the third quarter was 78 Taiwan cents per share, an increase from 34 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$62.8 million, a gain from NT$27.3 million in the year-earlier period.

The normalized profit margin increased to 9.5% from 5.7% in the year-earlier period.

Total revenue grew 38.2% year over year to NT$657.6 million from NT$475.9 million, and total operating expenses grew 29.0% from the prior-year period to NT$576.8 million from NT$447.2 million.

Reported net income increased 64.8% on an annual basis to NT$67.7 million, or 84 cents per share, from NT$41.1 million, or 51 cents per share.

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