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Saeron Automotive Q1 profit climbs YOY

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Saeron Automotive Q1 profit climbs YOY

4913675 said its first-quarter normalized net income came to 263.83 South Korean won per share, a gain from 258.69 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 5.07 billion won, a gain from 4.97 billion won in the prior-year period.

The normalized profit margin fell to 10.0% from 10.1% in the year-earlier period.

Total revenue increased year over year to 50.51 billion won from 49.02 billion won, and total operating expenses climbed on an annual basis to 42.53 billion won from 41.30 billion won.

Reported net income increased 11.4% on an annual basis to 6.06 billion won, or 315.44 won per share, from 5.44 billion won, or 282.98 won per share.

s of May 15, US$1 was equivalent to 1,083.65 South Korean won.Saeron Automotive Corp.

4913675 said its first-quarter normalized net income came to 263.83 South Korean won per share, a gain from 258.69 won per share in the year-earlier period.