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Youngone Holdings Q4 profit climbs 86.6% YOY

Youngone Holdings Co. Ltd. said its fourth-quarter normalized net income amounted to 1,355.27 South Korean won per share, a gain of 86.6% from 726.41 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 15.73 billion won, an increase of 86.6% from 8.43 billion won in the prior-year period.

The normalized profit margin increased to 3.0% from 1.8% in the year-earlier period.

Total revenue grew 14.3% year over year to 523.69 billion won from 458.04 billion won, and total operating expenses increased 13.1% on an annual basis to 469.65 billion won from 415.11 billion won.

Reported net income grew 30.4% from the prior-year period to 17.96 billion won, or 1,547.50 won per share, from 13.77 billion won, or 1,186.80 won per share.

For the year, the company's normalized net income totaled 4,714.32 won per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 8,779.00 won.

EPS rose from 4,607.09 won in the prior year.

Normalized net income was 54.71 billion won, a rise from 53.46 billion won in the prior year.

Full-year total revenue increased 14.4% from the prior-year period to 1.880 trillion won from 1.644 trillion won, and total operating expenses grew 17.0% year over year to 1.650 trillion won from 1.409 trillion won.

The company said reported net income declined year over year to 84.68 billion won, or 7,296.95 won per share, in the full year, from 85.95 billion won, or 7,407.00 won per share.

As of March 10, US$1 was equivalent to 1,203.54 South Korean won.