trending Market Intelligence /marketintelligence/en/news-insights/trending/1rIoD-rDPDdMHVvW_V8tlQ2 content esgSubNav
In This List

Hanssem Q1 profit climbs 34.6% YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Hanssem Q1 profit climbs 34.6% YOY

Hanssem Co. Ltd. said its first-quarter normalized net income came to 1,061.29 South Korean won per share, a gain of 34.5% from 788.87 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 19.19 billion won, a gain of 34.6% from 14.26 billion won in the year-earlier period.

The normalized profit margin rose to 5.0% from 4.8% in the year-earlier period.

Total revenue increased 28.0% on an annual basis to 380.04 billion won from 296.92 billion won, and total operating expenses climbed 27.9% year over year to 350.98 billion won from 274.48 billion won.

Reported net income increased 32.0% from the prior-year period to 22.34 billion won, or 1,235.87 won per share, from 16.93 billion won, or 936.89 won per share.

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