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Unick swings to profit in Q4

Unick Corp. said its fourth-quarter normalized net income was 173.74 South Korean won per share, compared with a loss of 10.30 won per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.07 billion won, compared with a loss of 182.7 million won in the year-earlier period.

The normalized profit margin rose to 4.6% from negative 0.3% in the year-earlier period.

Total revenue climbed 7.6% year over year to 67.29 billion won from 62.53 billion won, and total operating expenses rose year over year to 63.82 billion won from 61.58 billion won.

Reported net income increased on an annual basis to 2.88 billion won, or 162.88 won per share, from 822.2 million won, or 46.33 won per share.

For the year, the company's normalized net income totaled 387.64 won per share, a gain of 46.9% from 263.92 won per share in the prior year.

Normalized net income was 6.85 billion won, a gain of 46.8% from 4.66 billion won in the prior year.

Full-year total revenue rose 10.3% from the prior-year period to 254.68 billion won from 230.88 billion won, and total operating expenses rose 9.3% year over year to 245.82 billion won from 224.81 billion won.

The company said reported net income grew 9.8% on an annual basis to 7.85 billion won, or 444.67 won per share, in the full year, from 7.16 billion won, or 405.00 won per share.

As of March 16, US$1 was equivalent to 1,126.74 South Korean won.