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Wellpool Q3 profit falls YOY

Wellpool Co. Ltd. said its normalized net income for the third quarter came to 72 Taiwan cents per share, a decrease of 16.1% from 86 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$26.0 million, a decline of 16.0% from NT$31.0 million in the year-earlier period.

The normalized profit margin declined to 12.4% from 13.7% in the year-earlier period.

Total revenue fell 6.8% on an annual basis to NT$210.3 million from NT$225.5 million, and total operating expenses decreased on an annual basis to NT$176.5 million from NT$179.7 million.

Reported net income fell 15.8% year over year to NT$34.6 million, or 96 cents per share, from NT$41.1 million, or NT$1.14 per share.

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