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Sunjin Q4 profit climbs YOY

4914941 said its normalized net income for the fourth quarter came to 483.81 South Korean won per share, a gain from 146.78 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 7.88 billion won, a gain from 2.39 billion won in the prior-year period.

The normalized profit margin climbed to 4.7% from 1.5% in the year-earlier period.

Total revenue climbed on an annual basis to 166.80 billion won from 160.90 billion won, and total operating expenses totaled 156.95 billion won, compared with 155.84 billion won in the prior-year period.

Reported net income rose on an annual basis to 8.70 billion won, or 534.26 won per share, from 2.51 billion won, or 154.11 won per share.

For the year, the company's normalized net income totaled 1,047.54 won per share, a decrease of 13.9% from 1,216.36 won per share in the prior year.

Normalized net income was 17.05 billion won, a decline of 13.9% from 19.80 billion won in the prior year.

Full-year total revenue rose from the prior-year period to 603.42 billion won from 595.36 billion won, and total operating expenses increased year over year to 575.55 billion won from 568.69 billion won.

The company said reported net income declined 18.3% on an annual basis to 19.22 billion won, or 1,180.46 won per share, in the full year, from 23.51 billion won, or 1,444.00 won per share.

s of March 7, US$1 was equivalent to 1,201.58 South Korean won.Sunjin Co. Ltd.

4914941 said its normalized net income for the fourth quarter came to 483.81 South Korean won per share, a gain from 146.78 won per share in the prior-year period.