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F&F Co. Q3 profit climbs 35.0% YOY

F&F Co. Ltd. said its normalized net income for the third quarter amounted to 45.23 South Korean won per share, a gain of 34.9% from 33.53 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 696.5 million won, a gain of 35.0% from 515.9 million won in the prior-year period.

The normalized profit margin climbed to 0.9% from 0.8% in the year-earlier period.

Total revenue rose 15.0% year over year to 77.79 billion won from 67.63 billion won, and total operating expenses increased 14.3% year over year to 75.47 billion won from 66.05 billion won.

Reported net income fell on an annual basis to 620.4 million won, or 40.29 won per share, from 630.8 million won, or 41.00 won per share.

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