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J.ESTINA Q1 profit falls YOY

J.ESTINA Co. Ltd. said its first-quarter normalized net income came to 63.60 South Korean won per share, a decline of 50.5% from 128.36 won per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 984.9 million won, a decline of 48.6% from 1.92 billion won in the year-earlier period.

The normalized profit margin fell to 2.5% from 5.1% in the year-earlier period.

Total revenue increased 5.6% year over year to 39.85 billion won from 37.75 billion won, and total operating expenses climbed 10.7% from the prior-year period to 38.56 billion won from 34.84 billion won.

Reported net income declined 60.9% on an annual basis to 982.3 million won, or 63.43 won per share, from 2.51 billion won, or 168.10 won per share.

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