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Interpark Q1 profit climbs 21.3% YOY

Interpark Corp. said its normalized net income for the first quarter came to 95.57 South Korean won per share, an increase of 14.7% from 83.34 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 3.11 billion won, a gain of 21.3% from 2.57 billion won in the year-earlier period.

The normalized profit margin increased to 3.0% from 2.6% in the year-earlier period.

Total revenue climbed on an annual basis to 99.59 billion won from 97.21 billion won, and total operating expenses grew on an annual basis to 95.24 billion won from 92.82 billion won.

Reported net income increased 15.8% year over year to 3.15 billion won, or 96.80 won per share, from 2.72 billion won, or 88.46 won per share.

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