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Gwangju Shinsegae Q4 profit climbs YOY

4914134 said its fourth-quarter normalized net income amounted to 7,496.19 South Korean won per share, a gain from 7,172.34 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 11.99 billion won, an increase from 11.48 billion won in the prior-year period.

The normalized profit margin rose to 21.6% from 21.1% in the year-earlier period.

Total revenue rose year over year to 55.53 billion won from 54.50 billion won, and total operating expenses increased from the prior-year period to 38.24 billion won from 37.44 billion won.

Reported net income fell 6.1% on an annual basis to 13.40 billion won, or 8,377.60 won per share, from 14.28 billion won, or 8,921.98 won per share.

For the year, the company's normalized net income totaled 24,533.02 won per share, an increase of 5.3% from 23,296.65 won per share in the prior year.

Normalized net income was 39.25 billion won, a gain of 5.3% from 37.28 billion won in the prior year.

Full-year total revenue rose from the prior-year period to 210.42 billion won from 205.33 billion won, and total operating expenses rose on an annual basis to 154.38 billion won from 150.56 billion won.

he company said reported net income came to 45.55 billion won, Gwangju Shinsegae Co. Ltd..