Li Cheng Enterprise Co. Ltd. said its normalized net income for the third quarter came to 91 Taiwan cents per share, an increase from 40 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$128.3 million, an increase from NT$56.7 million in the prior-year period.

The normalized profit margin climbed to 23.8% from 15.3% in the year-earlier period.

Total revenue climbed 45.3% year over year to NT$539.5 million from NT$371.3 million, and total operating expenses rose 28.9% on an annual basis to NT$366.1 million from NT$284.0 million.

Reported net income increased on an annual basis to NT$174.5 million, or NT$1.24 per share, from NT$77.8 million, or 55 cents per share.

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