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JLS Co. Q1 profit falls YOY

JLS Co. Ltd. said its first-quarter normalized net income was 105.56 South Korean won per share, a decrease of 11.7% from 119.54 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 1.57 billion won, a decrease of 12.2% from 1.79 billion won in the year-earlier period.

The normalized profit margin dropped to 7.6% from 8.9% in the year-earlier period.

Total revenue grew year over year to 20.61 billion won from 20.05 billion won, and total operating expenses rose 5.0% from the prior-year period to 18.20 billion won from 17.34 billion won.

Reported net income increased 19.1% on an annual basis to 2.17 billion won, or 145.95 won per share, from 1.83 billion won, or 121.88 won per share.

As of May 14, US$1 was equivalent to 1,090.69 South Korean won.