First Hotel Co. Ltd. said its normalized net income for the third quarter came to 24 Taiwan cents per share, compared with 24 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$118.2 million, compared with NT$117.1 million in the year-earlier period.

The normalized profit margin rose to 144.4% from 133.2% in the year-earlier period.

Total revenue decreased 7.0% year over year to NT$81.8 million from NT$88.0 million, and total operating expenses totaled NT$31.4 million, compared with NT$31.3 million in the year-earlier period.

Reported net income grew from the prior-year period to NT$159.5 million, or 33 cents per share, from NT$157.6 million, or 32 cents per share.

As of Nov. 10, US$1 was equivalent to NT$31.77.