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AztechWB Q3 profit falls YOY

AztechWB Co. Ltd. said its normalized net income for the third quarter was 7.64 South Korean won per share, a decrease of 89.0% from 69.27 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 164.2 million won, a decline of 89.0% from 1.50 billion won in the prior-year period.

The normalized profit margin declined to 1.0% from 8.4% in the year-earlier period.

Total revenue declined 9.9% year over year to 16.16 billion won from 17.93 billion won, and total operating expenses declined year over year to 15.58 billion won from 15.78 billion won.

Reported net income came to a loss of 365.3 million won, or a loss of 22.81 won per share, compared to income of 2.68 billion won, or 124.00 won per share, in the year-earlier period.

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