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LF Corp. Q3 profit falls YOY

LF Corp. said its normalized net income for the third quarter amounted to 59.01 South Korean won per share, a decrease of 64.4% from 165.94 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 1.73 billion won, a decrease of 64.5% from 4.86 billion won in the prior-year period.

The normalized profit margin dropped to 0.5% from 1.6% in the year-earlier period.

Total revenue climbed 8.8% year over year to 338.71 billion won from 311.22 billion won, and total operating expenses climbed 10.5% from the prior-year period to 337.25 billion won from 305.31 billion won.

Reported net income decreased 78.5% on an annual basis to 1.23 billion won, or 42.01 won per share, from 5.71 billion won, or 195.00 won per share.

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