Alton Sports Co. Ltd. said its first-quarter normalized net income was 111.29 South Korean won per share, an increase of 26.0% from 88.33 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 1.25 billion won, an increase of 25.8% from 995.7 million won in the year-earlier period.
The normalized profit margin rose to 7.1% from 6.8% in the year-earlier period.
Total revenue increased 21.8% on an annual basis to 17.72 billion won from 14.55 billion won, and total operating expenses increased 22.7% on an annual basis to 15.82 billion won from 12.89 billion won.
Reported net income increased 9.9% from the prior-year period to 1.46 billion won, or 130.05 won per share, from 1.33 billion won, or 118.24 won per share.
As of May 15, US$1 was equivalent to 1,083.65 South Korean won.
