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Daewoo Electronic Components Q3 profit climbs YOY

4913081 said its normalized net income for the third quarter amounted to 10.32 South Korean won per share, a gain from 62 chon per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 404.7 million won, an increase from 23.5 million won in the year-earlier period.

The normalized profit margin increased to 3.2% from 0.3% in the year-earlier period.

Total revenue increased 53.0% on an annual basis to 12.82 billion won from 8.38 billion won, and total operating expenses rose 49.6% year over year to 12.01 billion won from 8.03 billion won.

eported net income grew year over year to 635.4 million won, or Daewoo Electronic Components Co. Ltd.