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Tonymoly Q4 profit falls YOY

Tonymoly Co. Ltd. said its normalized net income for the fourth quarter came to 126.46 South Korean won per share, a decline of 36.6% from 199.47 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 2.23 billion won, a decline of 36.6% from 3.52 billion won in the year-earlier period.

The normalized profit margin declined to 3.9% from 5.8% in the year-earlier period.

Total revenue fell 6.5% year over year to 56.76 billion won from 60.68 billion won, and total operating expenses decreased year over year to 54.49 billion won from 55.36 billion won.

Reported net income decreased 50.7% on an annual basis to 2.41 billion won, or 136.40 won per share, from 4.88 billion won, or 277.00 won per share.

For the year, the company's normalized net income totaled 640.91 won per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 1,434.50 won.

EPS declined 13.8% from 743.82 won in the prior year.

Normalized net income was 11.31 billion won, a decline of 6.7% from 12.12 billion won in the prior year.

Full-year total revenue increased 6.0% from the prior-year period to 233.12 billion won from 219.92 billion won, and total operating expenses increased 6.4% year over year to 215.48 billion won from 202.49 billion won.

The company said reported net income decreased on an annual basis to 12.90 billion won, or 731.30 won per share, in the full year, from 13.44 billion won, or 825.00 won per share.

As of March 23, US$1 was equivalent to 1,118.96 South Korean won.