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Automobile & PCB Q2 profit climbs 16.2% YOY

Automobile & PCB Inc. said its second-quarter normalized net income was 24.62 South Korean won per share, a gain of 23.1% from 20.00 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 1.03 billion won, an increase of 16.2% from 887.8 million won in the year-earlier period.

The normalized profit margin climbed to 1.1% from 0.6% in the year-earlier period.

Total revenue came to 140.58 billion won, compared with 139.84 billion won in the year-earlier period, and total operating expenses came to 136.82 billion won, compared with 136.18 billion won in the year-earlier period.

Reported net income increased 54.3% from the prior-year period to 602.9 million won, or 14.39 won per share, from 390.8 million won, or 8.81 won per share.

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