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Woosung IB posts Q3 loss

Woosung I.B. Co. Ltd. said its normalized net income for the third quarter came to a loss of 403.7 million won.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 6.8%.

Total revenue came to 5.91 billion won, and total operating expenses totaled 5.77 billion won.

Reported net income totaled a loss of 605.4 million won, or a loss of 78.00 won per share.

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