SINGAPORE (Nov 8): Hotung Investment Holdings announced earnings of NT$93.2 million ($4.2 million) for the third quarter ended Sept, up 11% from NT$84.2 million a year ago.

Revenue for the quarter fell 38% to NT$158.7 million from NT$255.5 million in the previous year, and comprised mainly from divestment and dividend gains on the sales of available-for-sale investments; income from fund investments; and revaluation on other financial assets at fair value.

However, total impairment losses narrowed 79% to NT$16.2 million while total operating expenses fell 18% to NT$35 million.

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