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Korea Kolmar profit misses consensus by 20.5% in Q3

Korea Kolmar Co. Ltd. said its normalized net income for the third quarter came to 410.33 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 516.00 won per share.

EPS climbed 30.8% year over year from 313.73 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 9.00 billion won, an increase of 38.9% from 6.48 billion won in the prior-year period.

The normalized profit margin rose to 7.0% from 5.8% in the year-earlier period.

Total revenue rose 14.3% on an annual basis to 128.17 billion won from 112.14 billion won, and total operating expenses rose 10.6% year over year to 112.45 billion won from 101.68 billion won.

Reported net income grew 27.9% on an annual basis to 11.12 billion won, or 507.00 won per share, from 8.69 billion won, or 421.00 won per share.

As of Nov. 19, US$1 was equivalent to 1,158.39 South Korean won.