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Electric Power Technology Q3 loss widens 28.9% YOY

Electric Power Technology Ltd. said its third-quarter normalized net income was a loss of 29 Taiwan cents per share, compared with a loss of 22 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$22.1 million, compared with a loss of NT$17.1 million in the prior-year period.

Total revenue fell 95.3% on an annual basis to NT$1.3 million from NT$26.9 million, and total operating expenses climbed on an annual basis to NT$356.8 million from NT$62.2 million.

Reported net income totaled a loss of NT$37.9 million, or a loss of 49 cents per share, compared to a loss of NT$30.2 million, or a loss of 39 cents per share, in the year-earlier period.

As of Nov. 14, US$1 was equivalent to NT$31.98.