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Mando profit misses consensus by 25.0% in Q3

Mando Corp. said its normalized net income for the third quarter was 2,756.14 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 3,676.02 won per share.

EPS climbed 98.2% year over year from 1,390.90 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 25.81 billion won, a gain of 97.6% from 13.06 billion won in the prior-year period.

The normalized profit margin dropped to 2.0% from 3.3% in the year-earlier period.

Total revenue climbed on an annual basis to 1.278 trillion won from 395.30 billion won, and total operating expenses climbed from the prior-year period to 1.215 trillion won from 372.30 billion won.

Reported net income rose 75.3% year over year to 25.77 billion won, or 2,751.26 won per share, from 14.70 billion won, or 1,565.26 won per share.

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