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Global PMX Q3 profit climbs 41.1% YOY

Global PMX Co. Ltd. said its normalized net income for the third quarter amounted to NT$1.08 per share, an increase of 37.5% from 79 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$88.8 million, an increase of 41.1% from NT$63.0 million in the year-earlier period.

The normalized profit margin rose to 10.2% from 8.7% in the year-earlier period.

Total revenue rose 20.9% year over year to NT$870.6 million from NT$720.2 million, and total operating expenses rose 12.8% year over year to NT$697.3 million from NT$618.3 million.

Reported net income increased 19.9% on an annual basis to NT$102.5 million, or NT$1.25 per share, from NT$85.5 million, or NT$1.07 per share.

As of Nov. 14, US$1 was equivalent to NT$31.98.