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Depo Auto Parts Industrial Q3 profit falls YOY

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Global M&A by the Numbers Q4 2023

Depo Auto Parts Industrial Q3 profit falls YOY

Depo Auto Parts Industrial Co. Ltd. said its normalized net income for the third quarter amounted to 63 Taiwan cents per share, a decline of 77.0% from NT$2.72 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$104.2 million, a decrease of 77.0% from NT$453.4 million in the year-earlier period.

The normalized profit margin declined to 2.8% from 12.4% in the year-earlier period.

Total revenue rose on an annual basis to NT$3.79 billion from NT$3.66 billion, and total operating expenses increased 7.2% year over year to NT$3.46 billion from NT$3.23 billion.

Reported net income decreased 81.6% year over year to NT$116.6 million, or 70 cents per share, from NT$633.0 million, or NT$3.80 per share.

As of Nov. 10, US$1 was equivalent to NT$31.77.