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Lilontex Q3 profit climbs 57.0% YOY

Lilontex Corp. said its normalized net income for the third quarter amounted to 4 Taiwan cents per share, a gain of 57.1% from 2 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$4.8 million, an increase of 57.0% from NT$3.1 million in the year-earlier period.

The normalized profit margin rose to 3.5% from 2.2% in the year-earlier period.

Total revenue declined 17.0% year over year to NT$118.5 million from NT$142.8 million, and total operating expenses fell 11.9% year over year to NT$123.8 million from NT$140.5 million.

Reported net income totaled a loss of NT$3.0 million, or a loss of 2 cents per share, compared to income of NT$3.9 million, or 3 cents per share, in the year-earlier period.

As of Nov. 11, US$1 was equivalent to NT$32.72.