BYC Co. Ltd. said its normalized net income for the third quarter amounted to 1,695.16 South Korean won per share, a decline of 47.8% from 3,248.07 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 1.06 billion won, a decrease of 61.0% from 2.71 billion won in the year-earlier period.

The normalized profit margin fell to 2.3% from 6.2% in the year-earlier period.

Total revenue climbed 5.8% on an annual basis to 46.03 billion won from 43.51 billion won, and total operating expenses increased 10.8% year over year to 42.82 billion won from 38.64 billion won.

Reported net income decreased 93.1% year over year to 229.4 million won, or 367.31 won per share, from 3.30 billion won, or 3,953.00 won per share.

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