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YaHorng Electronic Q3 profit falls YOY

YaHorng Electronic Co. Ltd. said its third-quarter normalized net income was 63 Taiwan cents per share, a decline of 7.4% from 68 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 NT$56.7 million, a decrease of 7.4% from NT$61.2 million in the year-earlier period.

The normalized profit margin dropped to 6.0% from 7.7% in the year-earlier period.

Total revenue climbed 18.9% on an annual basis to NT$946.5 million from NT$796.0 million, and total operating expenses rose 14.1% on an annual basis to NT$854.5 million from NT$748.7 million.

Reported net income fell 5.7% year over year to NT$74.5 million, or 83 cents per share, from NT$79.0 million, or 88 cents per share.

As of Nov. 9, US$1 was equivalent to NT$31.55.