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C.T.I. Traffic Industries Q3 profit falls YOY

C.T.I. Traffic Industries Co. Ltd. said its third-quarter normalized net income was NT$377,750, a decrease of 95.8% from NT$8.9 million in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to 0.3% from 9.8% in the year-earlier period.

Total revenue rose 29.9% year over year to NT$118.2 million from NT$91.0 million, and total operating expenses increased 25.0% year over year to NT$112.5 million from NT$90.0 million.

Reported net income fell 96.6% from the prior-year period to NT$396,170, or 1 cent per share, from NT$11.5 million, or 29 cents per share.

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