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Lotte Chilsung Beverage Q3 profit climbs YOY

Lotte Chilsung Beverage Co. Ltd. said its normalized net income for the third quarter was 25,592.47 South Korean won per share, a gain from 10,921.55 won per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 31.66 billion won, a gain from 14.83 billion won in the year-earlier period.

The normalized profit margin increased to 4.9% from 2.4% in the year-earlier period.

Total revenue climbed 6.1% on an annual basis to 645.46 billion won from 608.45 billion won, and total operating expenses rose year over year to 591.50 billion won from 577.95 billion won.

Reported net income increased 97.8% from the prior-year period to 31.11 billion won, or 25,144.61 won per share, from 15.73 billion won, or 11,579.72 won per share.

As of Nov. 16, US$1 was equivalent to 1,172.80 South Korean won.