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KB Autosys Q3 profit climbs YOY

KB Autosys Co. Ltd. said its normalized net income for the third quarter amounted to 116.07 South Korean won per share, a gain from 51.02 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 1.33 billion won, a gain from 593.0 million won in the prior-year period.

The normalized profit margin climbed to 4.2% from 2.1% in the year-earlier period.

Total revenue rose 14.7% on an annual basis to 31.95 billion won from 27.85 billion won, and total operating expenses climbed 13.9% on an annual basis to 29.96 billion won from 26.31 billion won.

Reported net income grew year over year to 1.59 billion won, or 138.20 won per share, from 360.3 million won, or 31.00 won per share.

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