President Chain Store Corp. said its normalized net income for the third quarter amounted to NT$1.71 per share, compared with the S&P Capital IQ consensus estimate of NT$2.35 per share.

EPS declined year over year from NT$1.72.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$1.77 billion, a decline from NT$1.79 billion in the year-earlier period.

The normalized profit margin fell to 3.3% from 3.4% in the year-earlier period.

Total revenue increased on an annual basis to NT$53.43 billion from NT$52.67 billion, and total operating expenses rose on an annual basis to NT$50.91 billion from NT$49.94 billion.

Reported net income declined on an annual basis to NT$2.45 billion, or NT$2.36 per share, from NT$2.49 billion, or NT$2.39 per share.

As of Nov. 10, US$1 was equivalent to NT$32.74.