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Woory Industrial posts Q4 profit

Woory Industrial Co. Ltd. said its fourth-quarter normalized net income amounted to 3.25 billion won.

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

The normalized profit margin was 4.7%.

Total revenue totaled 69.10 billion won, and total operating expenses totaled 64.64 billion won.

Reported net income came to 4.67 billion won, or 507.42 won per share.

For the year, the company's normalized net income totaled 9.88 billion won, a fall of 6.5% from 10.57 billion won in the prior year.

Full-year total revenue decreased on an annual basis to 258.79 billion won from 262.29 billion won, and total operating expenses decreased year over year to 242.73 billion won from 248.28 billion won.

The company said reported net income declined on an annual basis to 13.19 billion won, or 1,438.00 won per share, in the full year, from 13.77 billion won.

As of March 16, US$1 was equivalent to 1,126.74 South Korean won.