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DUAL Industrial swings to profit in Q3

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DUAL Industrial swings to profit in Q3

DUAL Industrial Co. Ltd. said its third-quarter normalized net income came to 15.99 South Korean won per share, compared with a loss of 2.50 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 290.4 million won, compared with a loss of 28.2 million won in the prior-year period.

The normalized profit margin climbed to 3.2% from negative 0.3% in the year-earlier period.

Total revenue climbed 9.7% year over year to 9.03 billion won from 8.23 billion won, and total operating expenses rose year over year to 8.59 billion won from 8.25 billion won.

Reported net income totaled 464.6 million won, or 25.58 won per share, compared to a loss of 45.1 million won, or a loss of 5.00 won per share, in the prior-year period.

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