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THINKWARE Q3 profit climbs 18.9% YOY

THINKWARE Corp. said its normalized net income for the third quarter came to 72.13 South Korean won per share, a decline from 74.42 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 547.6 million won, a gain of 18.9% from 460.6 million won in the year-earlier period.

The normalized profit margin climbed to 1.3% from 1.2% in the year-earlier period.

Total revenue climbed on an annual basis to 40.95 billion won from 39.14 billion won, and total operating expenses climbed 5.9% on an annual basis to 39.92 billion won from 37.71 billion won.

Reported net income rose from the prior-year period to 417.6 million won, or 55.00 won per share, from 160.9 million won, or 26.00 won per share.

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