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TYC Brother Industrial Q3 profit falls YOY

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TYC Brother Industrial Q3 profit falls YOY

TYC Brother Industrial Co. Ltd. said its normalized net income for the third quarter came to 64 Taiwan cents per share, a decline from 66 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 NT$201.4 million, a decline from NT$206.0 million in the year-earlier period.

The normalized profit margin declined to 5.1% from 5.5% in the year-earlier period.

Total revenue climbed 6.4% year over year to NT$3.96 billion from NT$3.72 billion, and total operating expenses grew from the prior-year period to NT$3.66 billion from NT$3.57 billion.

Reported net income fell 10.9% from the prior-year period to NT$253.1 million, or 81 cents per share, from NT$284.2 million, or 91 cents per share.

As of Nov. 14, US$1 was equivalent to NT$31.98.