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YBM Net Q3 profit climbs 26.6% YOY

YBM Net Inc. said its third-quarter normalized net income amounted to 47.27 South Korean won per share, a gain of 26.3% from 37.41 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 765.0 million won, a gain of 26.6% from 604.1 million won in the prior-year period.

The normalized profit margin climbed to 4.5% from 3.2% in the year-earlier period.

Total revenue fell 9.8% on an annual basis to 16.84 billion won from 18.67 billion won, and total operating expenses decreased 6.4% year over year to 16.53 billion won from 17.67 billion won.

Reported net income increased 6.3% from the prior-year period to 806.4 million won, or 49.83 won per share, from 758.9 million won, or 47.00 won per share.

As of Nov. 19, US$1 was equivalent to 1,158.39 South Korean won.