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A-Jin Industrial Q2 profit climbs YOY

A-Jin Industrial Co. Ltd. said its normalized net income for the second quarter came to 442.52 South Korean won per share, a gain from 58.62 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 3.57 billion won, an increase from 489.0 million won in the year-earlier period.

The normalized profit margin rose to 4.4% from 0.7% in the year-earlier period.

Total revenue increased 20.0% on an annual basis to 81.80 billion won from 68.19 billion won, and total operating expenses grew 15.4% year over year to 73.39 billion won from 63.59 billion won.

Reported net income rose 38.9% on an annual basis to 4.90 billion won, or 607.00 won per share, from 3.53 billion won, or 422.63 won per share.

As of Aug. 17, US$1 was equivalent to 1,183.06 South Korean won.