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Wowprime Q3 profit falls YOY

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Wowprime Q3 profit falls YOY

Wowprime Corp. said its normalized net income for the third quarter came to 56 Taiwan cents per share, a decline of 71.8% from NT$1.98 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$42.9 million, a decline of 71.8% from NT$152.2 million in the year-earlier period.

The normalized profit margin declined to 1.0% from 3.4% in the year-earlier period.

Total revenue decreased on an annual basis to NT$4.33 billion from NT$4.54 billion, and total operating expenses came to NT$4.23 billion, compared with NT$4.24 billion in the prior-year period.

Reported net income totaled a loss of NT$3.1 million, or a loss of 4 cents per share, compared to income of NT$174.4 million, or NT$2.27 per share, in the year-earlier period.

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