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Namchow Holdings profit beats consensus by 20.9% in Q3

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Namchow Holdings profit beats consensus by 20.9% in Q3

Namchow Holdings Co. Ltd. said its normalized net income for the third quarter came to NT$1.22 per share, compared with the S&P Capital IQ consensus estimate of NT$1.01 per share.

EPS rose 33.1% year over year from 92 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$303.0 million, an increase of 33.1% from NT$227.6 million in the prior-year period.

The normalized profit margin climbed to 7.3% from 5.6% in the year-earlier period.

Total revenue grew on an annual basis to NT$4.15 billion from NT$4.09 billion, and total operating expenses climbed from the prior-year period to NT$3.63 billion from NT$3.54 billion.

Reported net income grew 34.1% on an annual basis to NT$302.7 million, or NT$1.22 per share, from NT$225.8 million, or 91 cents per share.

As of Nov. 17, US$1 was equivalent to NT$31.94.