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Mando profit misses consensus by 55.4% in Q1

Mando Corp. said its first-quarter normalized net income amounted to 25.84 billion won.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 2.0%.

Total revenue came to 1.269 trillion won, and total operating expenses came to 1.209 trillion won.

Reported net income totaled 27.18 billion won, or 2,902.63 won per share.

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