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Cosmecca Korea full-year profit climbs YOY

Cosmecca Korea Co. Ltd. said its normalized net income for the full year came to 8,713.49 South Korean won per share, an increase from 3,072.37 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 3.49 billion won, a gain from 1.23 billion won in the prior-year period.

The normalized profit margin rose to 3.5% from 1.8% in the year-earlier period.

Total revenue grew 45.1% on an annual basis to 99.15 billion won from 68.32 billion won, and total operating expenses climbed 40.9% on an annual basis to 92.76 billion won from 65.83 billion won.

Reported net income increased from the prior-year period to 5.03 billion won, or 12,568.01 won per share, from 1.36 billion won, or 3,388.00 won per share.

As of April 12, US$1 was equivalent to 1,146.73 South Korean won.