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INZI Controls Q2 profit climbs YOY

INZI Controls Co. Ltd. said its normalized net income for the second quarter was 271.00 South Korean won per share, an increase from 126.28 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 3.93 billion won, a gain from 1.86 billion won in the year-earlier period.

The normalized profit margin rose to 2.3% from 1.3% in the year-earlier period.

Total revenue increased 17.1% year over year to 168.10 billion won from 143.57 billion won, and total operating expenses climbed 16.1% on an annual basis to 163.42 billion won from 140.72 billion won.

Reported net income rose year over year to 3.00 billion won, or 206.86 won per share, from 436.9 million won, or 29.73 won per share.

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