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Yura Tech Q3 profit falls YOY

Yura Tech Co. Ltd. said its third-quarter normalized net income came to 20.91 South Korean won per share, a decrease of 90.8% from 227.31 won per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 239.4 million won, a decline of 90.8% from 2.60 billion won in the prior-year period.

The normalized profit margin fell to 0.6% from 6.3% in the year-earlier period.

Total revenue totaled 41.65 billion won, compared with 41.31 billion won in the prior-year period, and total operating expenses rose 9.6% from the prior-year period to 41.72 billion won from 38.06 billion won.

Reported net income decreased 90.0% from the prior-year period to 344.2 million won, or 30.05 won per share, from 3.43 billion won, or 300.00 won per share.

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