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DUAL Industrial Q4 profit climbs YOY

4916411 said its normalized net income for the fourth quarter was 338.7 million won, a rise from 167.3 million won in the prior-year period.

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

The normalized profit margin increased to 3.0% from 1.6% in the year-earlier period.

Total revenue rose year over year to 11.11 billion won from 10.78 billion won, and total operating expenses increased from the prior-year period to 10.78 billion won from 10.55 billion won.

Reported net income totaled 146.7 million won, compared with 267.7 million won, or 22.68 won per share, in the prior-year period.

For the year, the company's normalized net income totaled 86.91 won per share, a gain from 33.63 won per share in the prior year.

Normalized net income was 1.06 billion won, an increase from 420.8 million won in the prior year.

Full-year total revenue grew 7.9% on an annual basis to 39.63 billion won from 36.72 billion won, and total operating expenses increased 5.7% year over year to 38.21 billion won from 36.14 billion won.

The company said reported net income increased 95.4% on an annual basis to 1.32 billion won, or 107.82 won per share, in the full year, from 675.6 million won, or 54.00 won per share.

s of Feb. 29, US$1 was equivalent to 1,241.88 South Korean won.DUAL Industrial Co. Ltd.

4916411 said its normalized net income for the fourth quarter was 338.7 million won, a rise from 167.3 million won in the prior-year period.