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MegaStudyEdu posts Q2 profit

MegaStudyEdu Co. Ltd said its normalized net income for the second quarter came to 3.59 billion won.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 7.7%.

Total revenue came to 46.80 billion won, and total operating expenses totaled 41.36 billion won.

Reported net income totaled 4.50 billion won, or 1,936.09 won per share.

As of Aug. 16, US$1 was equivalent to 1,094.67 South Korean won.