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La Kaffa International Q3 profit climbs 50.1% YOY


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La Kaffa International Q3 profit climbs 50.1% YOY

La Kaffa International Co. Ltd. said its third-quarter normalized net income amounted to NT$1.15 per share, compared with the S&P Capital IQ consensus estimate of NT$1.00 per share.

EPS climbed 33.1% year over year from 86 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$36.8 million, an increase of 50.1% from NT$24.5 million in the prior-year period.

The normalized profit margin rose to 8.8% from 6.8% in the year-earlier period.

Total revenue grew 17.0% year over year to NT$419.5 million from NT$358.4 million, and total operating expenses grew 15.6% on an annual basis to NT$387.4 million from NT$335.0 million.

Reported net income increased 55.9% year over year to NT$47.3 million, or NT$1.48 per share, from NT$30.4 million, or NT$1.07 per share.

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