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King Chou Marine Technology Q3 profit falls YOY

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King Chou Marine Technology Q3 profit falls YOY

4911689 said its normalized net income for the third quarter was 63 Taiwan cents per share, a decrease of 28.3% from 88 cents 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$52.7 million, a decline of 28.5% from NT$73.8 million in the prior-year period.

The normalized profit margin fell to 8.4% from 9.2% in the year-earlier period.

Total revenue fell 21.7% year over year to NT$625.3 million from NT$798.4 million, and total operating expenses declined 23.1% from the prior-year period to NT$528.3 million from NT$686.8 million.

Reported net income grew 50.0% on an annual basis to NT$120.1 million, or NT$1.43 per share, from NT$80.0 million, or 95 cents per share.

s of Nov. 10, US$1 was equivalent to NT$31.77.King Chou Marine Technology Co. Ltd.

4911689 said its normalized net income for the third quarter was 63 Taiwan cents per share, a decrease of 28.3% from 88 cents per share in the year-earlier period.