trending Market Intelligence /marketintelligence/en/news-insights/trending/5LIndAGkrjidxbY3G_YDBQ2 content esgSubNav
In This List

CrownHaitai Holdings Q1 profit climbs YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


CrownHaitai Holdings Q1 profit climbs YOY

CrownHaitai Holdings Co. Ltd. said its first-quarter normalized net income came to 923.43 South Korean won per share, an increase from 272.16 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 8.70 billion won, a gain from 2.72 billion won in the prior-year period.

The normalized profit margin rose to 3.0% from 1.1% in the year-earlier period.

Total revenue increased 11.8% year over year to 287.64 billion won from 257.24 billion won, and total operating expenses increased 8.6% on an annual basis to 267.51 billion won from 246.44 billion won.

Reported net income increased year over year to 9.70 billion won, or 1,029.16 won per share, from 1.97 billion won, or 197.56 won per share.

As of May 15, US$1 was equivalent to 1,083.65 South Korean won.