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Hyundai Livart Furniture Q3 profit climbs 21.7% YOY

Hyundai Livart Furniture Co. Ltd. said its normalized net income for the third quarter came to 355.01 South Korean won per share, a gain of 21.8% from 291.39 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 5.98 billion won, an increase of 21.7% from 4.91 billion won in the year-earlier period.

The normalized profit margin rose to 3.4% from 3.4% in the year-earlier period.

Total revenue climbed 19.0% on an annual basis to 173.71 billion won from 146.03 billion won, and total operating expenses grew 18.5% on an annual basis to 164.40 billion won from 138.77 billion won.

Reported net income grew 23.5% year over year to 7.18 billion won, or 426.53 won per share, from 5.82 billion won, or 345.00 won per share.

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