trending Market Intelligence /marketintelligence/en/news-insights/trending/AxaS66-irQqY9huxtEHENA2 content esgSubNav
In This List

Motonic Q1 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Motonic Q1 profit falls YOY

Motonic Corp. said its first-quarter normalized net income amounted to 81.58 South Korean won per share, a decrease of 50.4% from 164.33 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 1.86 billion won, a decline of 50.1% from 3.73 billion won in the prior-year period.

The normalized profit margin declined to 3.5% from 7.2% in the year-earlier period.

Total revenue rose year over year to 53.30 billion won from 51.63 billion won, and total operating expenses increased 9.4% year over year to 51.75 billion won from 47.30 billion won.

Reported net income fell 62.6% from the prior-year period to 1.75 billion won, or 76.47 won per share, from 4.68 billion won, or 205.95 won per share.

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