Hyundai Green Food Co. Ltd. said its normalized net income for the first quarter came to 270.81 South Korean won per share, a gain from 267.60 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 23.64 billion won, an increase from 23.35 billion won in the year-earlier period.
The normalized profit margin dropped to 4.6% from 5.1% in the year-earlier period.
Total revenue increased 12.5% year over year to 511.65 billion won from 454.64 billion won, and total operating expenses grew 12.2% year over year to 488.53 billion won from 435.40 billion won.
Reported net income increased on an annual basis to 29.55 billion won, or 338.51 won per share, from 28.97 billion won, or 332.01 won per share.
As of May 15, US$1 was equivalent to 1,083.65 South Korean won.
