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Maeil Holdings Q3 profit climbs 56.9% YOY

Maeil Holdings Co. Ltd. said its normalized net income for the third quarter was 631.99 South Korean won per share, a gain of 54.8% from 408.22 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 8.90 billion won, a gain of 56.9% from 5.68 billion won in the prior-year period.

The normalized profit margin rose to 2.3% from 1.5% in the year-earlier period.

Total revenue grew 6.2% on an annual basis to 392.38 billion won from 369.52 billion won, and total operating expenses grew on an annual basis to 378.48 billion won from 361.31 billion won.

Reported net income increased 51.2% year over year to 10.78 billion won, or 769.00 won per share, from 7.13 billion won, or 513.00 won per share.

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