TBH Global Co. Ltd. said its first-quarter normalized net income came to 235.11 South Korean won per share, a decline of 37.5% from 375.96 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 4.90 billion won, a decrease of 37.6% from 7.86 billion won in the year-earlier period.
The normalized profit margin declined to 3.0% from 5.5% in the year-earlier period.
Total revenue rose 14.2% on an annual basis to 164.30 billion won from 143.84 billion won, and total operating expenses rose 19.0% year over year to 154.38 billion won from 129.72 billion won.
Reported net income decreased 50.5% year over year to 4.88 billion won, or 233.83 won per share, from 9.85 billion won, or 471.15 won per share.
As of May 15, US$1 was equivalent to 1,083.65 South Korean won.
