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ATLASBX Q3 profit climbs 63.4% YOY

ATLASBX Co. Ltd. said its normalized net income for the third quarter came to 1,602.22 South Korean won per share, an increase of 63.5% from 980.21 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 14.66 billion won, a gain of 63.4% from 8.97 billion won in the year-earlier period.

The normalized profit margin increased to 9.8% from 8.1% in the year-earlier period.

Total revenue rose 35.3% year over year to 149.83 billion won from 110.73 billion won, and total operating expenses rose 31.9% from the prior-year period to 130.09 billion won from 98.63 billion won.

Reported net income grew 53.2% on an annual basis to 18.29 billion won, or 1,999.30 won per share, from 11.94 billion won, or 1,304.94 won per share.

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