Toebox Korea Ltd. said its normalized net income for the third quarter was 1.20 South Korean won per share, a decline of 14.4% from 1.40 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 10.2 million won, a decline of 7.3% from 11.0 million won in the prior-year period.

The normalized profit margin was 4.6%.

Reported net income fell 7.3% year over year to 12.7 million won, or 1.49 won per share, from 13.7 million won, or 1.74 won per share.

As of Nov. 14, US$1 was equivalent to 1,172.96 South Korean won.