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Woosu AMS Q1 profit climbs YOY

Woosu AMS Co. Ltd. said its first-quarter normalized net income was 83.48 South Korean won per share, a gain from 39.66 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 1.42 billion won, a gain from 638.2 million won in the prior-year period.

The normalized profit margin climbed to 2.5% from 1.2% in the year-earlier period.

Total revenue increased 5.6% on an annual basis to 56.24 billion won from 53.23 billion won, and total operating expenses climbed year over year to 54.01 billion won from 52.85 billion won.

Reported net income rose from the prior-year period to 2.53 billion won, or 149.14 won per share, from 1.08 billion won, or 67.09 won per share.

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