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Banking Essentials Newsletter: 17th April Edition

Korea Kolmar Holdings Q2 profit falls YOY

Korea Kolmar Holdings Co. Ltd. said its normalized net income for the second quarter amounted to 364.62 South Korean won per share, a decrease from 381.43 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 5.94 billion won, a decrease from 6.22 billion won in the prior-year period.

The normalized profit margin fell to 7.1% from 10.8% in the year-earlier period.

Total revenue grew 41.5% year over year to 81.19 billion won from 57.39 billion won, and total operating expenses climbed 38.8% year over year to 68.25 billion won from 49.17 billion won.

Reported net income totaled 9.15 billion won, or 561.40 won per share, compared to 9.10 billion won, or 558.04 won per share, in the prior-year period.

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