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F&F Co. Q2 profit climbs YOY

F&F Co. Ltd. said its second-quarter normalized net income amounted to 78.34 South Korean won per share, an increase from 76.89 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 1.21 billion won, an increase from 1.19 billion won in the prior-year period.

The normalized profit margin declined to 1.9% from 2.0% in the year-earlier period.

Total revenue grew 20.2% on an annual basis to 72.21 billion won from 60.10 billion won, and total operating expenses grew 19.7% from the prior-year period to 69.64 billion won from 58.17 billion won.

Reported net income fell on an annual basis to 1.42 billion won, or 92.16 won per share, from 1.48 billion won, or 96.02 won per share.

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