trending Market Intelligence /marketintelligence/en/news-insights/trending/cXMDJL5repc90Sx1CMwr8w2 content esgSubNav
In This List

Nongwoobio fiscal Q2 profit falls YOY

The Cobalt Expansion Drive Is A Copper Story

Podcast

Maritime and Trade Talk | EP12: Oil Price Cap - Implications for Trade and Shipping Risk

Podcast

Maritime and Trade Talk | E10: Navigating Maritime Risks from an Insurers’ Perspective?

Podcast

Maritime and Trade Talk | Episode 11: Trade Outlook - Response To Geopolitical Events


Nongwoobio fiscal Q2 profit falls YOY

Nongwoobio Co. Ltd. said its normalized net income for the fiscal second quarter ended March 31 came to 46.01 South Korean won per share, a decrease of 87.5% from 369.13 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 658.0 million won, a decrease of 87.5% from 5.27 billion won in the prior-year period.

The normalized profit margin fell to 2.6% from 18.6% in the year-earlier period.

Total revenue decreased 12.4% on an annual basis to 24.86 billion won from 28.36 billion won, and total operating expenses increased 20.1% on an annual basis to 24.17 billion won from 20.13 billion won.

Reported net income decreased 79.7% year over year to 1.56 billion won, or 108.99 won per share, from 7.67 billion won, or 537.19 won per share.

As of May 29, US$1 was equivalent to 1,113.21 South Korean won.