Wisher Industrial Co. Ltd. said its normalized net income for the third quarter was 34 Taiwan cents per share, an increase from 14 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$35.0 million, a gain from NT$14.7 million in the year-earlier period.

The normalized profit margin rose to 5.6% from 2.1% in the year-earlier period.

Total revenue declined 10.0% on an annual basis to NT$625.9 million from NT$695.3 million, and total operating expenses decreased 11.8% on an annual basis to NT$597.1 million from NT$677.3 million.

Reported net income grew on an annual basis to NT$51.9 million, or 50 cents per share, from NT$22.8 million, or 22 cents per share.

As of Nov. 16, US$1 was equivalent to NT$32.83.