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Monalisa Q1 profit falls YOY

Monalisa Co. Ltd. said its first-quarter normalized net income came to 25.82 South Korean won per share, a decrease of 37.8% from 41.50 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 944.1 million won, a decline of 38.1% from 1.52 billion won in the year-earlier period.

The normalized profit margin declined to 2.9% from 4.7% in the year-earlier period.

Total revenue grew year over year to 33.05 billion won from 32.19 billion won, and total operating expenses rose 6.1% year over year to 31.62 billion won from 29.79 billion won.

Reported net income declined 38.5% on an annual basis to 1.18 billion won, or 32.24 won per share, from 1.92 billion won, or 52.22 won per share.

As of May 15, US$1 was equivalent to 1,083.65 South Korean won.