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Guyoung Technology Q3 profit climbs YOY

Guyoung Technology Co. Ltd. said its third-quarter normalized net income amounted to 105.84 South Korean won per share, an increase from 15.93 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 1.94 billion won, an increase from 312.6 million won in the year-earlier period.

The normalized profit margin climbed to 4.2% from 0.7% in the year-earlier period.

Total revenue increased 5.6% year over year to 45.79 billion won from 43.37 billion won, and total operating expenses grew year over year to 43.73 billion won from 42.36 billion won.

Reported net income increased from the prior-year period to 2.05 billion won, or 111.41 won per share, from 470.9 million won, or 24.00 won per share.

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