DRB Holding Co. Ltd. said its normalized net income for the first quarter came to 286.25 South Korean won per share, a decline of 20.4% from 359.73 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 5.39 billion won, a decline of 20.5% from 6.78 billion won in the year-earlier period.
The normalized profit margin fell to 3.6% from 4.8% in the year-earlier period.
Total revenue increased 5.9% year over year to 149.75 billion won from 141.34 billion won, and total operating expenses increased year over year to 131.13 billion won from 126.08 billion won.
Reported net income decreased on an annual basis to 8.77 billion won, or 466.04 won per share, from 8.98 billion won, or 476.60 won per share.
As of May 15, US$1 was equivalent to 1,083.65 South Korean won.
