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Hyundai Green Food Q3 profit climbs 13.3% YOY

Hyundai Green Food Co. Ltd. said its third-quarter normalized net income amounted to 23 South Korean chon per share, a decline of 99.9% from 207.06 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 20.47 billion won, a gain of 13.3% from 18.07 billion won in the prior-year period.

The normalized profit margin rose to 3.8% from 3.7% in the year-earlier period.

Total revenue climbed 9.6% on an annual basis to 533.88 billion won from 487.31 billion won, and total operating expenses increased 9.1% from the prior-year period to 510.60 billion won from 468.05 billion won.

Reported net income increased 18.5% from the prior-year period to 25.53 billion won, or 29 chon per share, from 21.55 billion won, or 247.00 won per share.

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