Ha U Dong Chun Income Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2014	FY 2013
Period Ending	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013
Revenue	1,886	1,186
Revenue Growth (YoY)	59.00%	-
Cost of Revenue	35.8	45.14
Gross Profit	1,850	1,141
Selling, General & Admin	1,729	773.72
Other Operating Expenses	5.25	2.8
Operating Expenses	1,774	800.38
Operating Income	76.37	340.85
Interest Expense	-16.75	-6.78
Interest & Investment Income	14.1	0.16
Other Non Operating Income (Expenses)	7.14	1.14
EBT Excluding Unusual Items	80.86	335.37
Gain (Loss) on Sale of Investments	0.12	0.01
Pretax Income	80.98	335.38
Income Tax Expense	10.64	29.58
Net Income	70.34	305.8
Net Income to Common	70.34	305.8
Net Income Growth	-77.00%	-
Shares Outstanding (Basic)	1	1
Shares Outstanding (Diluted)	1	1
Shares Change (YoY)	0.55%	-
EPS (Basic)	70.00	306.00
EPS (Diluted)	70.00	306.00
EPS Growth	-77.12%	-
Free Cash Flow	-110.83	442.26
Free Cash Flow Per Share	-110.29	442.55
Gross Margin	98.10%	96.19%
Operating Margin	4.05%	28.73%
Profit Margin	3.73%	25.78%
Free Cash Flow Margin	-5.88%	37.28%
EBITDA	115.64	364.71
EBITDA Margin	6.13%	30.74%
D&A For EBITDA	39.27	23.86
EBIT	76.37	340.85
EBIT Margin	4.05%	28.73%
Effective Tax Rate	13.14%	8.82%
Advertising Expenses	534.49	227.4

Source: S&P Global Market Intelligence. Standard template. Financial Sources.