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Pangrim fiscal Q4 profit falls YOY

4916182 said its normalized net income for the fiscal fourth quarter ended Sept. 30 came to 15.10 South Korean won per share, a decrease of 83.6% from 92.02 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 61.1 million won, a decrease of 83.6% from 372.3 million won in the prior-year period.

The normalized profit margin fell to 0.2% from 0.9% in the year-earlier period.

Total revenue fell 9.9% year over year to 35.89 billion won from 39.86 billion won, and total operating expenses fell 10.4% on an annual basis to 35.19 billion won from 39.27 billion won.

Reported net income came to 1.31 billion won, or 324.23 won per share, compared to a loss of 509.6 million won, or a loss of 125.96 won per share, in the year-earlier period.

For the year, the company's normalized net income totaled 821.99 won per share, a fall of 8.2% from 895.72 won per share in the prior year.

Normalized net income was 3.32 billion won, a decrease of 8.3% from 3.62 billion won in the prior year.

Full-year total revenue decreased 6.7% from the prior-year period to 150.72 billion won from 161.55 billion won, and total operating expenses decreased 7.9% year over year to 142.85 billion won from 155.05 billion won.

he company said reported net income decreased 24.6% on an an Pangrim Co. Ltd..