INZI Controls Co. Ltd. said its first-quarter normalized net income was 195.84 South Korean won per share, an increase of 12.2% from 174.49 won per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.84 billion won, a gain of 13.0% from 2.52 billion won in the year-earlier period.
The normalized profit margin declined to 1.4% from 1.8% in the year-earlier period.
Total revenue rose 13.1% on an annual basis to 161.11 billion won from 142.47 billion won, and total operating expenses rose 13.4% on an annual basis to 157.79 billion won from 139.15 billion won.
Reported net income declined 38.7% on an annual basis to 1.94 billion won, or 133.27 won per share, from 3.16 billion won, or 218.94 won per share.
As of May 15, US$1 was equivalent to 1,083.65 South Korean won.
