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MegaStudyEdu posts Q3 profit

MegaStudyEdu Co. Ltd said its third-quarter normalized net income was 5.84 billion won.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 11.0%.

Total revenue came to 53.15 billion won, and total operating expenses totaled 44.16 billion won.

Reported net income came to 7.22 billion won, or 3,107.41 won per share.

As of Nov. 14, US$1 was equivalent to 1,172.96 South Korean won.