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Aurora World Q3 profit falls YOY

Aurora World Corp. said its third-quarter normalized net income was 102.13 South Korean won per share, a decline of 68.0% from 319.53 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 1.08 billion won, a decline of 68.0% from 3.36 billion won in the prior-year period.

The normalized profit margin fell to 3.2% from 10.0% in the year-earlier period.

Total revenue declined year over year to 33.20 billion won from 33.79 billion won, and total operating expenses rose 7.6% from the prior-year period to 29.06 billion won from 27.00 billion won.

Reported net income decreased 84.5% on an annual basis to 853.3 million won, or 81.04 won per share, from 5.51 billion won, or 524.00 won per share.

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