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Samsung C&T Q3 profit climbs YOY

Samsung C&T Corp. said its third-quarter normalized net income was 741.22 South Korean won per share, a gain from 714.76 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 122.28 billion won, a gain from 118.85 billion won in the prior-year period.

The normalized profit margin fell to 1.6% from 1.8% in the year-earlier period.

Total revenue rose 13.2% year over year to 7.493 trillion won from 6.621 trillion won, and total operating expenses grew 13.8% year over year to 7.281 trillion won from 6.401 trillion won.

Reported net income declined 6.2% on an annual basis to 158.54 billion won, or 961.00 won per share, from 168.95 billion won, or 1,016.00 won per share.

As of Nov. 14, US$1 was equivalent to 1,114.97 South Korean won.