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CKH Food & Health fiscal Q3 profit climbs YOY

CKH Food & Health Ltd said its normalized net income for the fiscal third quarter ended March 31 came to 161.24 South Korean won per share, a decrease of 12.2% from 183.64 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 15.96 billion won, an increase from 15.48 billion won in the year-earlier period.

The normalized profit margin dropped to 19.9% from 21.6% in the year-earlier period.

Total revenue increased 12.0% on an annual basis to 80.23 billion won from 71.62 billion won, and total operating expenses grew 18.3% year over year to 54.34 billion won from 45.95 billion won.

Reported net income increased from the prior-year period to 18.76 billion won, or 189.52 won per share, from 17.98 billion won, or 213.33 won per share.

As of June 1, US$1 was equivalent to 1,115.34 South Korean won.