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YES24 Q3 profit climbs 69.6% YOY

YES24 Co. Ltd. said its normalized net income for the third quarter came to 107.12 South Korean won per share, an increase of 71.6% from 62.43 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 1.84 billion won, a gain of 69.6% from 1.09 billion won in the prior-year period.

The normalized profit margin increased to 2.4% from 1.2% in the year-earlier period.

Total revenue increased on an annual basis to 94.17 billion won from 91.18 billion won, and total operating expenses rose on an annual basis to 91.79 billion won from 89.45 billion won.

Reported net income grew from the prior-year period to 3.57 billion won, or 207.40 won per share, from 1.36 billion won, or 78.00 won per share.

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