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Woosu AMS Q3 profit falls YOY

Woosu AMS Co. Ltd. said its normalized net income for the third quarter was 15.64 South Korean won per share, a decline of 72.8% from 57.52 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 268.8 million won, a decline of 71.7% from 950.7 million won in the year-earlier period.

The normalized profit margin dropped to 0.5% from 1.8% in the year-earlier period.

Total revenue grew on an annual basis to 54.52 billion won from 53.60 billion won, and total operating expenses increased on an annual basis to 53.75 billion won from 52.81 billion won.

Reported net income fell 44.7% from the prior-year period to 869.1 million won, or 50.57 won per share, from 1.57 billion won, or 95.00 won per share.

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