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Everest Textile Q3 profit climbs 15.6% YOY

4914726 said its third-quarter normalized net income was 15 Taiwan cents per share, a gain of 15.7% from 13 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$68.2 million, an increase of 15.6% from NT$59.0 million in the year-earlier period.

The normalized profit margin rose to 3.3% from 3.0% in the year-earlier period.

Total revenue rose on an annual basis to NT$2.05 billion from NT$1.95 billion, and total operating expenses grew year over year to NT$1.96 billion from NT$1.89 billion.

eported net income grew 23.4% from the prior Everest Textile Co. Ltd..