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Dong-A Hwasung Q1 profit climbs YOY

Dong-A Hwasung Co. Ltd. said its normalized net income for the first quarter was 172.75 South Korean won per share, a gain of 6.0% from 162.90 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 2.69 billion won, a gain from 2.58 billion won in the year-earlier period.

The normalized profit margin declined to 5.4% from 5.6% in the year-earlier period.

Total revenue grew 8.1% year over year to 50.12 billion won from 46.36 billion won, and total operating expenses increased 9.4% from the prior-year period to 45.30 billion won from 41.39 billion won.

Reported net income decreased year over year to 3.00 billion won, or 192.67 won per share, from 3.15 billion won, or 199.01 won per share.

As of May 15, US$1 was equivalent to 1,083.65 South Korean won.