Good People Co. Ltd. said its normalized net income for the first quarter came to 9.31 South Korean won per share, compared with a loss of 32.62 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 230.6 million won, compared with a loss of 787.9 million won in the prior-year period.
The normalized profit margin rose to 1.2% from negative 2.6% in the year-earlier period.
Total revenue fell year over year to 28.92 billion won from 29.97 billion won, and total operating expenses fell 8.3% from the prior-year period to 28.52 billion won from 31.09 billion won.
Reported net income came to 283.8 million won, or 11.46 won per share, compared to a loss of 1.13 billion won, or a loss of 46.88 won per share, in the prior-year period.
As of May 15, US$1 was equivalent to 1,083.65 South Korean won.
