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Amorepacific profit misses consensus by 29.1% in Q3

Amorepacific Corp. said its third-quarter normalized net income amounted to 1,561.43 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 2,201.00 won per share.

EPS climbed 22.6% year over year from 1,273.84 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 107.74 billion won, a gain of 22.6% from 87.85 billion won in the prior-year period.

The normalized profit margin rose to 9.4% from 8.8% in the year-earlier period.

Total revenue climbed 14.5% on an annual basis to 1.141 trillion won from 996.72 billion won, and total operating expenses climbed 15.2% year over year to 977.66 billion won from 849.03 billion won.

Reported net income grew 33.7% year over year to 139.11 billion won, or 2,016.00 won per share, from 104.07 billion won, or 1,509.00 won per share.

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