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Multicampus Q3 profit falls YOY

Multicampus Corp. said its third-quarter normalized net income came to 464.75 South Korean won per share, a decrease from 476.77 won per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.75 billion won, a decrease from 2.83 billion won in the year-earlier period.

The normalized profit margin climbed to 8.1% from 8.1% in the year-earlier period.

Total revenue declined on an annual basis to 33.98 billion won from 34.92 billion won, and total operating expenses fell on an annual basis to 29.98 billion won from 30.96 billion won.

Reported net income declined 8.7% from the prior-year period to 3.15 billion won, or 530.67 won per share, from 3.44 billion won, or 581.00 won per share.

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