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Tah Hsin Industrial Q3 profit climbs 26.6% YOY

Tah Hsin Industrial Corp. said its third-quarter normalized net income came to 65 Taiwan cents per share, a gain of 33.3% from 49 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$123.7 million, an increase of 26.6% from NT$97.7 million in the year-earlier period.

The normalized profit margin rose to 16.5% from 11.6% in the year-earlier period.

Total revenue fell 11.4% on an annual basis to NT$748.3 million from NT$844.3 million, and total operating expenses decreased 9.4% year over year to NT$717.7 million from NT$792.3 million.

Reported net income increased 26.6% year over year to NT$183.2 million, or 96 cents per share, from NT$144.7 million, or 72 cents per share.

As of Nov. 12, US$1 was equivalent to NT$32.73.