Dae Won San Up Co. Ltd. said its first-quarter normalized net income was 101.99 South Korean won per share, a decrease of 69.1% from 329.74 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 2.04 billion won, a decline of 69.1% from 6.61 billion won in the year-earlier period.
The normalized profit margin declined to 1.1% from 3.8% in the year-earlier period.
Total revenue increased 9.2% on an annual basis to 187.81 billion won from 171.99 billion won, and total operating expenses increased 14.8% year over year to 185.60 billion won from 161.68 billion won.
Reported net income fell 67.2% on an annual basis to 2.58 billion won, or 128.60 won per share, from 7.86 billion won, or 391.82 won per share.
As of May 15, US$1 was equivalent to 1,083.65 South Korean won.
