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INZI Controls Q3 profit falls YOY

INZI Controls Co. Ltd. said its third-quarter normalized net income amounted to 89.98 South Korean won per share, a decrease of 9.0% from 98.87 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 1.31 billion won, a decline of 8.7% from 1.43 billion won in the year-earlier period.

The normalized profit margin dropped to 0.8% from 1.0% in the year-earlier period.

Total revenue grew 8.1% on an annual basis to 157.67 billion won from 145.92 billion won, and total operating expenses rose 6.4% on an annual basis to 153.35 billion won from 144.14 billion won.

Reported net income grew 48.5% from the prior-year period to 1.93 billion won, or 133.21 won per share, from 1.30 billion won, or 90.00 won per share.

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