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Chungdahm Learning Q3 profit climbs YOY

Chungdahm Learning Inc. said its normalized net income for the third quarter amounted to 191.54 South Korean won per share, a gain from 58.60 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 1.01 billion won, a gain from 309.3 million won in the year-earlier period.

The normalized profit margin increased to 2.8% from 1.0% in the year-earlier period.

Total revenue increased 8.0% year over year to 33.41 billion won from 30.95 billion won, and total operating expenses climbed 5.3% on an annual basis to 31.21 billion won from 29.65 billion won.

Reported net income increased year over year to 1.20 billion won, or 226.93 won per share, from 380.0 million won, or 72.00 won per share.

As of Nov. 11, US$1 was equivalent to 1,155.56 South Korean won.