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Maywufa swings to profit in Q3

Maywufa Co. Ltd. said its normalized net income for the third quarter was NT$10.5 million, compared with a loss of NT$34,380 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to 3.2% from negative 0.0% in the year-earlier period.

Total revenue climbed year over year to NT$333.0 million from NT$317.6 million, and total operating expenses increased from the prior-year period to NT$312.0 million from NT$308.0 million.

Reported net income fell 57.7% year over year to NT$14.6 million, or 11 cents per share, from NT$34.6 million, or 26 cents per share.

As of Nov. 11, US$1 was equivalent to NT$32.72.