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Great Tree Pharmacy Q3 profit climbs 28.3% YOY

Great Tree Pharmacy Co. Ltd. said its third-quarter normalized net income amounted to 52 Taiwan cents per share, an increase of 28.2% from 41 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$14.6 million, an increase of 28.3% from NT$11.4 million in the prior-year period.

The normalized profit margin declined to 2.6% from 2.6% in the year-earlier period.

Total revenue rose 29.7% on an annual basis to NT$558.0 million from NT$430.3 million, and total operating expenses grew 30.6% year over year to NT$549.6 million from NT$420.7 million.

Reported net income grew 27.4% on an annual basis to NT$19.4 million, or 69 cents per share, from NT$15.2 million, or 54 cents per share.

As of Nov. 16, US$1 was equivalent to NT$32.83.