trending Market Intelligence /marketintelligence/en/news-insights/trending/HfsLJElk39WlT-lI7jcYjg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Kolen Co. swings to profit in Q3

Blog

COVID-19 Impact & Recovery: LCD Outlook for H2 2021

Blog

COVID-19 Impact & Recovery: Technology Outlook for H2 2021

Blog

COVID-19 Impact & Recovery: Financial Industry Outlook for H2 2021

Blog

COVID-19 Impact & Recovery: Media, Telecom and Technology Outlook for H2 2021


Kolen Co. swings to profit in Q3

Kolen Co. Ltd. said its normalized net income for the third quarter amounted to 77.09 South Korean won per share, compared with a loss of 309.13 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 762.2 million won, compared with a loss of 2.67 billion won in the prior-year period.

The normalized profit margin climbed to 3.6% from negative 15.6% in the year-earlier period.

Total revenue grew 43.3% on an annual basis to 24.50 billion won from 17.10 billion won, and total operating expenses rose 7.8% year over year to 22.56 billion won from 20.93 billion won.

Reported net income totaled 1.33 billion won, or 134.71 won per share, compared to a loss of 3.99 billion won, or a loss of 463.00 won per share, in the prior-year period.

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