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Jabon International Q3 profit falls YOY

Jabon International Co. Ltd. said its normalized net income for the third quarter amounted to 30 Taiwan cents per share, a decline of 35.4% from 47 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$22.1 million, a decrease of 17.6% from NT$26.8 million in the prior-year period.

The normalized profit margin declined to 1.6% from 4.2% in the year-earlier period.

Total revenue climbed year over year to NT$1.36 billion from NT$639.8 million, and total operating expenses rose from the prior-year period to NT$1.34 billion from NT$619.0 million.

Reported net income declined 12.6% year over year to NT$28.7 million, or 40 cents per share, from NT$32.8 million, or 58 cents per share.

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