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Youngone Q4 profit climbs 11.2% YOY


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Youngone Q4 profit climbs 11.2% YOY

Youngone Corp. said its fourth-quarter normalized net income was 338.10 South Korean won per share, a gain of 11.3% from 303.75 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 14.98 billion won, an increase of 11.2% from 13.47 billion won in the prior-year period.

The normalized profit margin declined to 3.9% from 4.7% in the year-earlier period.

Total revenue rose 34.6% on an annual basis to 387.59 billion won from 287.99 billion won, and total operating expenses rose 35.2% from the prior-year period to 357.47 billion won from 264.46 billion won.

Reported net income declined 11.6% year over year to 15.50 billion won, or 349.87 won per share, from 17.54 billion won, or 395.41 won per share.

For the year, the company's normalized net income totaled 2,354.89 won per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 3,116.00 won.

EPS rose from 2,303.74 won in the prior year.

Normalized net income was 104.35 billion won, a rise from 102.10 billion won in the prior year.

Full-year total revenue increased 27.2% year over year to 1.585 trillion won from 1.246 trillion won, and total operating expenses rose 30.9% on an annual basis to 1.388 trillion won from 1.061 trillion won.

The company said reported net income increased on an annual basis to 129.89 billion won, or 2,931.36 won per share, in the full year, from 128.12 billion won, or 2,891.00 won per share.

As of March 10, US$1 was equivalent to 1,203.54 South Korean won.