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E-Mart profit misses consensus by 21.3% in Q3

E-Mart Inc. said its normalized net income for the third quarter came to 3,663.04 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 4,654.02 won per share.

EPS declined year over year from 3,747.43 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 102.07 billion won, a decrease from 104.42 billion won in the year-earlier period.

The normalized profit margin dropped to 2.8% from 2.9% in the year-earlier period.

Total revenue grew year over year to 3.684 trillion won from 3.542 trillion won, and total operating expenses grew on an annual basis to 3.491 trillion won from 3.353 trillion won.

Reported net income declined 12.0% on an annual basis to 106.03 billion won, or 3,805.38 won per share, from 120.54 billion won, or 4,326.00 won per share.

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