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Youngone Q3 profit falls YOY


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Youngone Q3 profit falls YOY

Youngone Corp. said its third-quarter normalized net income came to 926.35 South Korean won per share, a decline of 6.0% from 985.41 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 41.05 billion won, a decrease of 6.0% from 43.66 billion won in the year-earlier period.

The normalized profit margin fell to 8.3% from 11.0% in the year-earlier period.

Total revenue increased 24.5% on an annual basis to 495.31 billion won from 397.77 billion won, and total operating expenses climbed 34.9% from the prior-year period to 430.35 billion won from 319.11 billion won.

Reported net income fell 11.0% on an annual basis to 50.18 billion won, or 1,132.55 won per share, from 56.40 billion won, or 1,273.00 won per share.

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