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Hansae Q3 profit climbs 70.7% YOY

Hansae Co. Ltd. said its third-quarter normalized net income was 808.90 South Korean won per share, an increase of 70.7% from 473.81 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 32.36 billion won, a gain of 70.7% from 18.95 billion won in the year-earlier period.

The normalized profit margin climbed to 6.1% from 4.9% in the year-earlier period.

Total revenue grew 37.1% on an annual basis to 526.50 billion won from 383.96 billion won, and total operating expenses rose 34.1% year over year to 466.85 billion won from 348.22 billion won.

Reported net income rose 76.2% year over year to 40.73 billion won, or 1,018.29 won per share, from 23.12 billion won, or 578.00 won per share.

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