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A-Jin Industrial Q3 profit climbs YOY

A-Jin Industrial Co. Ltd. said its third-quarter normalized net income amounted to 668.63 South Korean won per share, a gain from 83.50 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 5.40 billion won, an increase from 665.4 million won in the prior-year period.

The normalized profit margin increased to 6.6% from 0.9% in the year-earlier period.

Total revenue grew 14.4% on an annual basis to 81.24 billion won from 71.04 billion won, and total operating expenses rose 6.5% year over year to 72.57 billion won from 68.16 billion won.

Reported net income rose from the prior-year period to 6.41 billion won, or 794.00 won per share, from 1.67 billion won, or 209.00 won per share.

As of Nov. 11, US$1 was equivalent to 1,155.56 South Korean won.