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Collins Q3 loss narrows YOY

Collins Co. Ltd. said its normalized net income for the third quarter was a loss of 2 Taiwan cents per share, compared with a loss of 22 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 a loss of NT$3.3 million, compared with a loss of NT$46.1 million in the prior-year period.

The normalized profit margin increased to negative 0.2% from negative 2.8% in the year-earlier period.

Total revenue grew 12.4% year over year to NT$1.87 billion from NT$1.67 billion, and total operating expenses climbed 12.4% from the prior-year period to NT$1.81 billion from NT$1.61 billion.

Reported net income came to NT$361,000, or 0 cents per share, compared to a loss of NT$20.9 million, or a loss of 10 cents per share, in the prior-year period.

As of Nov. 14, US$1 was equivalent to NT$31.98.