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Hanatour Service Q3 profit falls YOY

Hanatour Service Inc. said its third-quarter normalized net income came to 309.89 South Korean won per share, a decrease of 60.2% from 778.62 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 3.43 billion won, a decrease of 60.7% from 8.72 billion won in the prior-year period.

The normalized profit margin declined to 3.2% from 8.3% in the year-earlier period.

Total revenue climbed on an annual basis to 107.15 billion won from 104.73 billion won, and total operating expenses rose 9.8% from the prior-year period to 100.09 billion won from 91.19 billion won.

Reported net income decreased 72.9% from the prior-year period to 2.93 billion won, or 265.00 won per share, from 10.83 billion won, or 967.00 won per share.

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