Jinli Group Holdings Ltd said its normalized net income for the third quarter was 79 Taiwan cents per share, a decline of 34.5% from NT$1.21 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$142.1 million, a decline of 36.7% from NT$224.4 million in the year-earlier period.

The normalized profit margin declined to 14.3% from 16.0% in the year-earlier period.

Total revenue fell 29.4% on an annual basis to NT$991.8 million from NT$1.40 billion, and total operating expenses declined 26.5% on an annual basis to NT$755.7 million from NT$1.03 billion.

Reported net income declined 34.5% year over year to NT$145.1 million, or 81 cents per share, from NT$221.6 million, or NT$1.19 per share.

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