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Kukbo Design Q3 profit climbs 81.1% YOY

Kukbo Design Co. Ltd. said its third-quarter normalized net income came to 279.73 South Korean won per share, a gain of 81.3% from 154.31 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 2.10 billion won, an increase of 81.1% from 1.16 billion won in the prior-year period.

The normalized profit margin climbed to 3.7% from 2.7% in the year-earlier period.

Total revenue rose 31.2% on an annual basis to 56.23 billion won from 42.87 billion won, and total operating expenses increased 28.2% year over year to 53.57 billion won from 41.79 billion won.

Reported net income increased 92.7% on an annual basis to 2.68 billion won, or 356.86 won per share, from 1.39 billion won, or 185.00 won per share.

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