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DAE-IL Corp. Q2 profit climbs YOY

DAE-IL Corp. said its normalized net income for the second quarter came to 219.87 South Korean won per share, an increase from 3.02 won per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 4.71 billion won, an increase from 65.5 million won in the prior-year period.

The normalized profit margin increased to 3.5% from 0.1% in the year-earlier period.

Total revenue rose year over year to 135.67 billion won from 129.38 billion won, and total operating expenses rose year over year to 126.08 billion won from 123.04 billion won.

Reported net income increased from the prior-year period to 5.61 billion won, or 261.98 won per share, from 65.7 million won, or 3.03 won per share.

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