Kwang Jin Wintec Co. Ltd. said its normalized net income for the third quarter amounted to 150.13 South Korean won per share, compared with a loss of 10.66 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 1.36 billion won, compared with a loss of 97.8 million won in the prior-year period.

The normalized profit margin climbed to 5.6% from negative 0.4% in the year-earlier period.

Total revenue climbed 10.1% year over year to 24.10 billion won from 21.90 billion won, and total operating expenses increased 12.5% from the prior-year period to 23.73 billion won from 21.10 billion won.

Reported net income totaled 1.88 billion won, or 207.25 won per share, compared to a loss of 247.8 million won, or a loss of 27.00 won per share, in the prior-year period.

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