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Able C&C Q3 profit climbs 56.3% YOY

4915860 said its third-quarter normalized net income amounted to 92.06 South Korean won per share, an increase of 41.2% from 65.18 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 1.53 billion won, a gain of 56.3% from 980.2 million won in the year-earlier period.

The normalized profit margin climbed to 1.7% from 0.9% in the year-earlier period.

Total revenue declined 13.5% on an annual basis to 89.92 billion won from 104.00 billion won, and total operating expenses declined 14.2% from the prior-year period to 88.50 billion won from 103.12 billion won.

Reported net income rose 83.8% from the prior-year period to 1.69 billion won, or 101.60 won per share, from 919.6 million won, or 61.16 won per share.

s of Nov. 16, US$1 was equivalent to 1,172.80 South Korean won.Able C&C Co. Ltd.

4915860 said its third-quarter normalized net income amounted to 92.06 South Korean won per share, an increase of 41.2% from 65.18 won per share in the prior-year period.