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Aurora World Q2 profit falls YOY

Aurora World Corp. said its normalized net income for the second quarter was 115.82 South Korean won per share, a decrease of 11.9% from 131.42 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 1.22 billion won, a decline of 11.9% from 1.38 billion won in the year-earlier period.

The normalized profit margin declined to 4.4% from 5.2% in the year-earlier period.

Total revenue climbed year over year to 27.73 billion won from 26.65 billion won, and total operating expenses came to 24.23 billion won, compared with 24.02 billion won in the prior-year period.

Reported net income rose year over year to 1.68 billion won, or 159.84 won per share, from 1.63 billion won, or 155.09 won per share.

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