Silla Textile Co. Ltd. said its first-quarter normalized net income amounted to 5.13 South Korean won per share, a decline from 5.20 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 124.6 million won, a decline from 126.3 million won in the year-earlier period.
The normalized profit margin increased to 22.4% from 14.9% in the year-earlier period.
Total revenue declined 34.0% year over year to 557.5 million won from 844.9 million won, and total operating expenses declined 47.0% year over year to 306.9 million won from 579.3 million won.
Reported net income grew 22.1% on an annual basis to 199.4 million won, or 8.21 won per share, from 163.3 million won, or 6.73 won per share.
As of May 15, US$1 was equivalent to 1,083.65 South Korean won.
