trending Market Intelligence /marketintelligence/en/news-insights/trending/-Sz_7N1MdQ8AQc0e6W1Tpw2 content esgSubNav
In This List

MH Ethanol Q1 profit climbs 42.9% YOY

Blog

Insight Weekly: Labor market recovery hurdles; power market integration; nonbank M&A hunt

Blog

Investment Banking Essentials Newsletter: October Edition

Blog

Banking Essentials Newsletter: October Edition

Blog

ESG & Technology: Impacts and Implications


MH Ethanol Q1 profit climbs 42.9% YOY

MH Ethanol Co. Ltd. said its first-quarter normalized net income amounted to 268.45 South Korean won per share, an increase of 36.3% from 197.02 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 1.98 billion won, a gain of 42.9% from 1.39 billion won in the prior-year period.

The normalized profit margin rose to 16.1% from 12.0% in the year-earlier period.

Total revenue grew 5.9% year over year to 12.27 billion won from 11.60 billion won, and total operating expenses grew on an annual basis to 9.00 billion won from 8.82 billion won.

Reported net income grew 13.4% from the prior-year period to 2.48 billion won, or 335.77 won per share, from 2.18 billion won, or 296.19 won per share.

As of May 14, US$1 was equivalent to 1,090.69 South Korean won.