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YES24 posts Q4 profit

YES24 Co. Ltd. said its normalized net income for the fourth quarter was 1.03 billion won.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 0.7%.

Total revenue totaled 95.62 billion won, and total operating expenses totaled 94.23 billion won.

Reported net income came to 1.10 billion won, or 64.05 won per share.

For the year, the company's normalized net income totaled 480.88 won per share, an increase from 125.30 won per share in the prior year.

Normalized net income was 8.27 billion won, a gain from 2.15 billion won in the prior year.

Full-year total revenue rose from the prior-year period to 363.12 billion won from 355.87 billion won, and total operating expenses came to 351.09 billion won, compared with 352.51 billion won in the prior-year period.

The company said reported net income increased on an annual basis to 12.31 billion won, or 715.53 won per share, in the full year, from 2.51 billion won, or 145.87 won per share.

As of March 10, US$1 was equivalent to 1,203.54 South Korean won.