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Evertex fabrinology Q3 profit climbs YOY

evertex fabrinology Ltd. said its third-quarter normalized net income amounted to 14 Taiwan cents per share, a gain from 5 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$12.4 million, a gain from NT$4.2 million in the prior-year period.

The normalized profit margin increased to 6.9% from 2.7% in the year-earlier period.

Total revenue rose 14.1% year over year to NT$179.8 million from NT$157.5 million, and total operating expenses increased 7.7% year over year to NT$163.9 million from NT$152.2 million.

Reported net income increased from the prior-year period to NT$17.2 million, or 20 cents per share, from NT$7.7 million, or 9 cents per share.

As of Nov. 11, US$1 was equivalent to NT$32.72.