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Cuchen posts Q3 profit

Cuchen Co. Ltd. said its third-quarter normalized net income came to 1.18 billion won.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 1.7%.

Total revenue came to 68.99 billion won, and total operating expenses totaled 67.17 billion won.

Reported net income totaled 1.60 billion won, or 150.25 won per share.

As of Nov. 14, US$1 was equivalent to 1,172.96 South Korean won.