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De Licacy Industrial Q3 profit climbs YOY

De Licacy Industrial Co. Ltd. said its normalized net income for the third quarter came to 22 Taiwan cents per share, an increase from 2 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$56.3 million, a gain from NT$4.7 million in the prior-year period.

The normalized profit margin rose to 3.2% from 0.3% in the year-earlier period.

Total revenue rose 27.9% on an annual basis to NT$1.79 billion from NT$1.40 billion, and total operating expenses grew 23.7% year over year to NT$1.73 billion from NT$1.40 billion.

Reported net income rose from the prior-year period to NT$91.7 million, or 36 cents per share, from NT$6.8 million, or 3 cents per share.

As of Nov. 12, US$1 was equivalent to NT$32.73.