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I Yuan Precision Q3 profit climbs 77.6% YOY

I Yuan Precision Industrial Co. Ltd. said its normalized net income for the third quarter came to NT$1.51 per share, a gain of 55.3% from 97 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$48.3 million, a gain of 77.6% from NT$27.2 million in the year-earlier period.

The normalized profit margin increased to 21.2% from 13.3% in the year-earlier period.

Total revenue rose 11.1% on an annual basis to NT$227.6 million from NT$204.8 million, and total operating expenses rose from the prior-year period to NT$170.5 million from NT$167.2 million.

Reported net income increased 83.4% on an annual basis to NT$64.4 million, or NT$2.02 per share, from NT$35.1 million, or NT$1.26 per share.

As of Nov. 16, US$1 was equivalent to NT$32.83.