Shin Shin Co. Ltd. said its normalized net income for the third quarter came to 22 Taiwan cents per share, a gain of 21.0% from 18 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$16.0 million, a gain of 21.0% from NT$13.2 million in the prior-year period.

The normalized profit margin increased to 30.2% from 27.9% in the year-earlier period.

Total revenue increased 11.7% on an annual basis to NT$52.9 million from NT$47.4 million, and total operating expenses increased on an annual basis to NT$29.5 million from NT$28.3 million.

Reported net income rose 20.8% year over year to NT$21.2 million, or 29 cents per share, from NT$17.5 million, or 24 cents per share.

As of Nov. 11, US$1 was equivalent to NT$32.72.