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Nan Liu Enterprise profit misses consensus by 15.2% in Q3

Nan Liu Enterprise Co. Ltd. said its normalized net income for the third quarter came to NT$1.56 per share, compared with the S&P Capital IQ consensus estimate of NT$1.83 per share.

EPS climbed 44.0% year over year from NT$1.08.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$113.0 million, a gain of 44.0% from NT$78.5 million in the year-earlier period.

The normalized profit margin climbed to 7.9% from 6.2% in the year-earlier period.

Total revenue increased 13.4% year over year to NT$1.43 billion from NT$1.27 billion, and total operating expenses grew 10.3% year over year to NT$1.25 billion from NT$1.14 billion.

Reported net income increased 35.8% on an annual basis to NT$132.2 million, or NT$1.82 per share, from NT$97.3 million, or NT$1.34 per share.

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