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KB Autosys Q1 profit climbs 34.7% YOY

KB Autosys Co. Ltd. said its first-quarter normalized net income amounted to 84.31 South Korean won per share, an increase of 34.6% from 62.66 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 969.6 million won, a gain of 34.7% from 719.7 million won in the prior-year period.

The normalized profit margin climbed to 3.4% from 2.5% in the year-earlier period.

Total revenue came to 28.95 billion won, compared with 28.99 billion won in the year-earlier period, and total operating expenses came to 27.40 billion won, compared with 27.65 billion won in the year-earlier period.

Reported net income grew 18.8% year over year to 1.32 billion won, or 115.12 won per share, from 1.11 billion won, or 97.05 won per share.

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