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Orion Holdings profit beats consensus by 69.6% in Q2

Orion Holdings Corp. said its second-quarter normalized net income was 24.73 billion won.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 4.8%.

Total revenue came to 512.56 billion won, and total operating expenses totaled 465.12 billion won.

Reported net income totaled 16.59 billion won, or 292.98 won per share.

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