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Woosu AMS Q4 profit climbs 27.4% YOY

Woosu AMS Co. Ltd. said its fourth-quarter normalized net income came to 25.67 South Korean won per share, a decline of 22.4% from 33.09 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 710.2 million won, an increase of 27.4% from 557.6 million won in the prior-year period.

The normalized profit margin rose to 1.1% from 0.9% in the year-earlier period.

Total revenue climbed 11.3% year over year to 67.46 billion won from 60.63 billion won, and total operating expenses rose 11.3% from the prior-year period to 67.15 billion won from 60.34 billion won.

Reported net income totaled 1.47 billion won, or 53.13 won per share, compared to a loss of 956.9 million won, or a loss of 56.80 won per share, in the year-earlier period.

For the year, the company's normalized net income totaled 191.68 won per share, a gain of 48.7% from 128.94 won per share in the prior year.

Normalized net income was 3.85 billion won, an increase of 73.5% from 2.22 billion won in the prior year.

Full-year total revenue increased from the prior-year period to 241.84 billion won from 230.37 billion won, and total operating expenses rose year over year to 237.29 billion won from 226.33 billion won.

The company said reported net income grew year over year to 5.26 billion won, or 262.00 won per share, in the full year, from 2.39 billion won, or 139.00 won per share.

As of March 20, US$1 was equivalent to 1,113.11 South Korean won.