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Hiroca Holdings profit beats consensus by 18.1% in Q3

Hiroca Holdings Ltd. said its third-quarter normalized net income was NT$1.83 per share, compared with the S&P Capital IQ consensus estimate of NT$1.55 per share.

EPS rose 18.4% year over year from NT$1.55.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$153.8 million, a gain of 17.5% from NT$130.9 million in the prior-year period.

The normalized profit margin climbed to 7.4% from 6.6% in the year-earlier period.

Total revenue rose on an annual basis to NT$2.08 billion from NT$1.99 billion, and total operating expenses grew year over year to NT$1.86 billion from NT$1.78 billion.

Reported net income grew 20.8% from the prior-year period to NT$178.9 million, or NT$2.13 per share, from NT$148.1 million, or NT$1.75 per share.

As of Nov. 9, US$1 was equivalent to NT$32.83.