Dongwon Metal Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 13.52 South Korean won per share, a decrease of 88.0% from 112.83 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 395.4 million won, a decrease of 86.9% from 3.03 billion won in the year-earlier period.
The normalized profit margin fell to 0.4% from 3.0% in the year-earlier period.
Total revenue rose on an annual basis to 102.79 billion won from 100.77 billion won, and total operating expenses increased 6.3% from the prior-year period to 99.75 billion won from 93.81 billion won.
Reported net income fell 85.7% year over year to 642.6 million won, or 21.97 won per share, from 4.51 billion won, or 168.00 won per share.
As of Feb. 16, US$1 was equivalent to 1,100.71 South Korean won.
