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.
