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Taiwan Sakura Q3 profit climbs 12.3% YOY

Taiwan Sakura Corp. said its third-quarter normalized net income was 50 Taiwan cents per share, an increase of 12.2% from 44 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$109.1 million, an increase of 12.3% from NT$97.1 million in the prior-year period.

The normalized profit margin increased to 9.4% from 9.1% in the year-earlier period.

Total revenue rose 7.6% year over year to NT$1.15 billion from NT$1.06 billion, and total operating expenses increased on an annual basis to NT$1.01 billion from NT$967.2 million.

Reported net income increased 10.3% from the prior-year period to NT$148.2 million, or 68 cents per share, from NT$134.4 million, or 61 cents per share.

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