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S&T Motiv Q1 profit climbs 5.8% YOY

S&T Motiv Co. Ltd. said its normalized net income for the first quarter amounted to 921.71 South Korean won per share, a gain from 880.71 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 13.28 billion won, an increase of 5.8% from 12.55 billion won in the year-earlier period.

The normalized profit margin fell to 4.7% from 5.1% in the year-earlier period.

Total revenue rose 13.4% on an annual basis to 281.41 billion won from 248.09 billion won, and total operating expenses grew 9.6% year over year to 255.28 billion won from 232.90 billion won.

Reported net income grew 13.4% from the prior-year period to 15.89 billion won, or 1,103.00 won per share, from 14.01 billion won, or 983.29 won per share.

As of May 13, US$1 was equivalent to 1,091.95 South Korean won.