trending Market Intelligence /marketintelligence/en/news-insights/trending/ESlCOovppjzRpcRlZqTejw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Seong An swings to profit in Q2

Blog

US utility commissioners: Who they are and how they impact regulation

Video

Climate Credit Analytics: Linking climate scenarios to financial impacts

Blog

Essential Energy Insights, April 2021

Blog

LCD Monthly: LIBOR: A dramedy for our times


Seong An swings to profit in Q2

Seong An co. Ltd. said its normalized net income for the second quarter amounted to 3.99 South Korean won per share, compared with a loss of 5.79 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 219.1 million won, compared with a loss of 343.9 million won in the year-earlier period.

The normalized profit margin climbed to 0.4% from negative 0.5% in the year-earlier period.

Total revenue decreased 16.8% on an annual basis to 52.60 billion won from 63.24 billion won, and total operating expenses decreased 22.0% year over year to 50.42 billion won from 64.67 billion won.

Reported net income totaled 512.2 million won, or 9.33 won per share, compared to a loss of 610.0 million won, or a loss of 10.27 won per share, in the year-earlier period.

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