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Jindo Q3 profit falls YOY

Jindo. Co. Ltd. said its normalized net income for the third quarter came to 35.16 South Korean won per share, a decrease of 32.6% from 52.20 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 383.0 million won, a decrease of 27.0% from 524.8 million won in the prior-year period.

The normalized profit margin dropped to 1.5% from 2.1% in the year-earlier period.

Total revenue increased year over year to 25.02 billion won from 24.54 billion won, and total operating expenses grew year over year to 23.95 billion won from 22.95 billion won.

Reported net income fell 91.1% from the prior-year period to 191.8 million won, or 17.60 won per share, from 2.16 billion won, or 215.00 won per share.

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