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Yura Tech Q4 profit falls YOY

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Yura Tech Q4 profit falls YOY

Yura Tech Co. Ltd. said its normalized net income for the fourth quarter came to 348.64 South Korean won per share, a decline from 358.17 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 3.99 billion won, a decline from 4.09 billion won in the prior-year period.

The normalized profit margin dropped to 6.8% from 7.2% in the year-earlier period.

Total revenue increased on an annual basis to 58.90 billion won from 56.73 billion won, and total operating expenses increased from the prior-year period to 55.01 billion won from 52.84 billion won.

Reported net income declined 24.4% on an annual basis to 4.91 billion won, or 429.01 won per share, from 6.50 billion won, or 568.79 won per share.

For the year, the company's normalized net income totaled 668.40 won per share, a decline from 688.60 won per share in the prior year.

Normalized net income was 7.66 billion won, a decline from 7.89 billion won in the prior year.

Full-year total revenue increased 11.1% year over year to 211.19 billion won from 190.10 billion won, and total operating expenses grew 11.2% on an annual basis to 202.19 billion won from 181.86 billion won.

The company said reported net income decreased 14.5% on an annual basis to 9.79 billion won, or 854.74 won per share, in the full year, from 11.45 billion won, or 1,000.00 won per share.

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