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JLS Co. Q3 profit falls YOY

JLS Co. Ltd. said its third-quarter normalized net income was 68.53 South Korean won per share, a decrease of 12.5% from 78.34 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 1.02 billion won, a decrease of 11.6% from 1.16 billion won in the year-earlier period.

The normalized profit margin dropped to 5.2% from 5.9% in the year-earlier period.

Total revenue totaled 19.73 billion won, compared with 19.61 billion won in the year-earlier period, and total operating expenses grew from the prior-year period to 18.20 billion won from 17.86 billion won.

Reported net income fell 33.4% on an annual basis to 983.3 million won, or 65.96 won per share, from 1.48 billion won, or 100.00 won per share.

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