Sempio Co. said its first-quarter normalized net income amounted to 557.32 South Korean won per share, a gain of 34.7% from 413.87 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 1.72 billion won, an increase of 34.8% from 1.28 billion won in the year-earlier period.
The normalized profit margin declined to negative 0.7% from 2.2% in the year-earlier period.
Total revenue increased 7.3% year over year to 63.14 billion won from 58.85 billion won, and total operating expenses increased 5.5% from the prior-year period to 60.49 billion won from 57.34 billion won.
Reported net income rose on an annual basis to 3.01 billion won, or 973.33 won per share, from 1.04 billion won, or 336.05 won per share.
As of May 15, US$1 was equivalent to 1,083.65 South Korean won.
