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Ever-Glory International Q3 profit falls YOY

4913399 said its third-quarter normalized net income came to 17 cents per share, a decline of 41.7% from 29 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 $2.5 million, a decrease of 41.7% from $4.2 million in the year-earlier period.

The normalized profit margin fell to 2.1% from 3.0% in the year-earlier period.

otal revenue declined 15.3% year over year to $118.6 million from $139.9 million, and total operating expenses declined 14.1 Ever-Glory International Group Inc.