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NatureCell swings to profit in Q3

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NatureCell swings to profit in Q3

NatureCell Co. Ltd. said its normalized net income for the third quarter was 1.25 South Korean won per share, compared with a loss of 2.24 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 43.7 million won, compared with a loss of 84.8 million won in the year-earlier period.

The normalized profit margin rose to 0.5% from negative 1.2% in the year-earlier period.

Total revenue grew 13.3% year over year to 8.29 billion won from 7.32 billion won, and total operating expenses rose 12.9% from the prior-year period to 8.42 billion won from 7.46 billion won.

Reported net income declined 95.8% from the prior-year period to 70.0 million won, or 2.00 won per share, from 1.66 billion won, or 44.00 won per share.

As of Nov. 16, US$1 was equivalent to 1,172.80 South Korean won.