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TJ Media Q2 profit climbs YOY

TJ Media Co. Ltd. said its second-quarter normalized net income was 106.23 South Korean won per share, an increase from 11.34 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 1.48 billion won, a gain from 144.5 million won in the year-earlier period.

The normalized profit margin increased to 7.1% from 1.0% in the year-earlier period.

Total revenue grew 38.9% on an annual basis to 20.96 billion won from 15.09 billion won, and total operating expenses increased 27.4% on an annual basis to 18.68 billion won from 14.67 billion won.

Reported net income rose year over year to 1.62 billion won, or 116.38 won per share, from 138.9 million won, or 10.90 won per share.

As of Aug. 17, US$1 was equivalent to 1,183.06 South Korean won.