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Handsome Corp. Q2 profit climbs YOY

Handsome Corp. said its second-quarter normalized net income was 184.08 South Korean won per share, compared with 183.37 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 4.04 billion won, compared with 4.01 billion won in the year-earlier period.

The normalized profit margin fell to 3.4% from 3.8% in the year-earlier period.

Total revenue rose 15.8% year over year to 120.63 billion won from 104.16 billion won, and total operating expenses increased 15.1% from the prior-year period to 116.64 billion won from 101.36 billion won.

Reported net income declined 50.6% from the prior-year period to 2.52 billion won, or 114.76 won per share, from 5.11 billion won, or 233.77 won per share.

As of Aug. 17, US$1 was equivalent to 1,183.06 South Korean won.