Hitejinro Holdings Co. Ltd. said its normalized net income for the first quarter came to 172.92 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 193.09 won per share.
The per-share result swung to a profit from the prior-year loss of 112.21 won.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.70 billion won, compared with a loss of 2.44 billion won in the prior-year period.
The normalized profit margin climbed to 0.8% from negative 0.6% in the year-earlier period.
Total revenue grew 5.5% on an annual basis to 435.75 billion won from 413.14 billion won, and total operating expenses grew from the prior-year period to 405.38 billion won from 398.29 billion won.
Reported net income came to 1.52 billion won, or 71.20 won per share, compared to a loss of 6.53 billion won, or a loss of 299.68 won per share, in the prior-year period.
As of May 15, US$1 was equivalent to 1,083.65 South Korean won.
