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LF Corp. Q2 profit climbs 11.8% YOY

LF Corp. said its normalized net income for the second quarter came to 609.01 South Korean won per share, a gain of 11.4% from 546.53 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 17.81 billion won, an increase of 11.8% from 15.93 billion won in the year-earlier period.

The normalized profit margin dropped to 4.3% from 4.5% in the year-earlier period.

Total revenue increased 12.0% year over year to 395.35 billion won from 353.03 billion won, and total operating expenses increased 12.8% from the prior-year period to 369.55 billion won from 327.61 billion won.

Reported net income decreased 18.6% on an annual basis to 17.23 billion won, or 589.14 won per share, from 21.17 billion won, or 726.40 won per share.

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