Seoul Auction Co. Ltd. said its normalized net income for the first quarter was 83.53 South Korean won per share, a gain from 10.20 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 1.34 billion won, a gain from 158.9 million won in the year-earlier period.
The normalized profit margin rose to 19.9% from 4.0% in the year-earlier period.
Total revenue increased 68.4% year over year to 6.75 billion won from 4.01 billion won, and total operating expenses increased 24.8% from the prior-year period to 4.61 billion won from 3.69 billion won.
Reported net income rose year over year to 1.70 billion won, or 105.70 won per share, from 200.5 million won, or 12.87 won per share.
As of April 21, US$1 was equivalent to 1,083.30 South Korean won.
