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Jayjun posts Q4 profit

Jayjun Cosmetic Co. Ltd. said its normalized net income for the fourth quarter came to 5.67 billion won.

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

The normalized profit margin was 15.3%.

Total revenue came to 36.98 billion won, and total operating expenses totaled 27.66 billion won.

Reported net income totaled 13.25 billion won, or 362.52 won per share.

For the year, the company's normalized net income totaled 325.86 won per share, compared with a loss of 946.07 won per share in the prior year.

Normalized net income was 5.97 billion won, compared with a loss of 7.80 billion won in the prior year.

Full-year total revenue increased from the prior-year period to 83.42 billion won from 8.01 billion won, and total operating expenses grew 281.8% on an annual basis to 72.54 billion won from 19.00 billion won.

The company said reported net income totaled 14.25 billion won, or 777.50 won per share, in the full year, compared with a loss of 14.38 billion won, or a loss of 1,744.52 won per share, the prior year.

As of March 20, US$1 was equivalent to 1,113.11 South Korean won.