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Tonymoly Q3 profit climbs YOY

Tonymoly Co. Ltd. said its normalized net income for the third quarter was 264.43 South Korean won per share, a gain from 122.09 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 4.63 billion won, an increase from 1.83 billion won in the year-earlier period.

The normalized profit margin climbed to 8.1% from 3.6% in the year-earlier period.

Total revenue rose 11.9% on an annual basis to 57.13 billion won from 51.04 billion won, and total operating expenses increased on an annual basis to 49.93 billion won from 47.88 billion won.

Reported net income rose 44.7% on an annual basis to 3.71 billion won, or 211.96 won per share, from 2.56 billion won, or 170.67 won per share.

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