Hankook Cosmetics Manufacturing Co. Ltd. said its normalized net income for the fourth quarter came to 238.28 South Korean won per share, compared with a loss of 647.35 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 863.8 million won, compared with a loss of 2.35 billion won in the year-earlier period.
The normalized profit margin climbed to 6.8% from negative 26.5% in the year-earlier period.
Total revenue climbed 42.9% on an annual basis to 12.63 billion won from 8.84 billion won, and total operating expenses rose 26.7% year over year to 11.19 billion won from 8.83 billion won.
Reported net income came to 1.25 billion won, or 344.14 won per share, compared to a loss of 3.18 billion won, or a loss of 876.58 won per share, in the prior-year period.
For the year, the company's normalized net income totaled 503.03 won per share, a fall of 59.6% from 1,245.95 won per share in the prior year.
Normalized net income was 1.82 billion won, a decrease of 59.6% from 4.52 billion won in the prior year.
Full-year total revenue grew 28.3% year over year to 45.48 billion won from 35.46 billion won, and total operating expenses rose 21.5% on an annual basis to 40.63 billion won from 33.46 billion won.
The company said reported net income decreased 74.6% on an annual basis to 1.99 billion won, or 547.62 won per share, in the full year, from 7.81 billion won, or 2,154.00 won per share.
As of Feb. 29, US$1 was equivalent to 1,241.88 South Korean won.