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ECS Telecom fiscal Q3 profit falls YOY

ECSTELECOM Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 1.21 billion won, a decrease from 1.27 billion won in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to 5.7% from 7.1% in the year-earlier period.

Total revenue rose 18.2% on an annual basis to 21.07 billion won from 17.82 billion won, and total operating expenses climbed 22.0% year over year to 19.25 billion won from 15.78 billion won.

Reported net income came to 1.72 billion won, compared with 1.78 billion won in the year-earlier period.

As of Feb. 4, US$1 was equivalent to 1,182.34 South Korean won.