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Brinno Q3 profit falls YOY

Brinno Inc. said its third-quarter normalized net income came to 25 Taiwan cents per share, a decrease of 23.3% from 33 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$5.4 million, a decline of 16.7% from NT$6.5 million in the prior-year period.

The normalized profit margin declined to 4.9% from 7.9% in the year-earlier period.

Total revenue climbed 33.8% on an annual basis to NT$110.4 million from NT$82.5 million, and total operating expenses rose 26.2% on an annual basis to NT$97.8 million from NT$77.5 million.

Reported net income decreased 15.2% from the prior-year period to NT$7.3 million, or 34 cents per share, from NT$8.6 million, or 43 cents per share.

As of Nov. 11, US$1 was equivalent to NT$31.93.