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Dongwon Industries Q3 profit climbs YOY

Dongwon Industries Co. Ltd. said its third-quarter normalized net income came to 5,268.60 South Korean won per share, compared with 5,237.22 won per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 17.72 billion won, compared with 17.61 billion won in the year-earlier period.

The normalized profit margin increased to 4.9% from 4.9% in the year-earlier period.

Total revenue totaled 361.80 billion won, compared with 363.08 billion won in the prior-year period, and total operating expenses came to 331.24 billion won, compared with 330.21 billion won in the prior-year period.

Reported net income declined 9.1% year over year to 16.86 billion won, or 5,012.65 won per share, from 18.55 billion won, or 5,515.00 won per share.

As of Nov. 11, US$1 was equivalent to 1,155.56 South Korean won.