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Daedong Metals Q4 profit climbs YOY

4916087 said its fourth-quarter normalized net income amounted to 1,069.00 South Korean won per share, a gain from 154.93 won per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 513.1 million won, an increase from 175.5 million won in the prior-year period.

The normalized profit margin increased to 3.2% from 1.1% in the year-earlier period.

Total revenue increased on an annual basis to 16.39 billion won from 15.91 billion won, and total operating expenses totaled 15.47 billion won, compared with 15.45 billion won in the prior-year period.

Reported net income grew on an annual basis to 622.7 million won, or 1,297.23 won per share, from 193.0 million won, or 170.44 won per share.

For the year, the company's normalized net income totaled 1,647.41 won per share, a gain from 616.04 won per share in the prior year.

Normalized net income was 790.8 million won, a gain from 295.7 million won in the prior year.

Full-year total revenue decreased on an annual basis to 59.82 billion won from 60.52 billion won, and total operating expenses declined on an annual basis to 57.75 billion won from 59.40 billion won.

he company said reported net income grew on an annual basis to Daedong Metals Co. Ltd.