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Inter-M fiscal Q3 profit climbs 8.7% YOY

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Inter-M fiscal Q3 profit climbs 8.7% YOY

Inter-M Corp. said its normalized net income for the fiscal third quarter ended June 30 was 30.15 South Korean won per share, a gain of 6.3% from 28.37 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 520.2 million won, an increase of 8.7% from 478.4 million won in the prior-year period.

The normalized profit margin rose to 2.6% from 2.5% in the year-earlier period.

Total revenue rose year over year to 19.75 billion won from 19.25 billion won, and total operating expenses increased 7.0% year over year to 19.16 billion won from 17.91 billion won.

Reported net income increased 8.0% on an annual basis to 812.3 million won, or 47.08 won per share, from 752.2 million won, or 44.61 won per share.

As of Aug. 17, US$1 was equivalent to 1,183.06 South Korean won.