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Ecoplastic Q1 profit falls YOY

4912928 said its first-quarter normalized net income amounted to 29.85 South Korean won per share, a decline of 52.9% from 63.32 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 746.0 million won, a decrease of 53.0% from 1.59 billion won in the prior-year period.

The normalized profit margin fell to 0.3% from 0.6% in the year-earlier period.

Total revenue climbed 5.0% year over year to 279.21 billion won from 265.81 billion won, and total operating expenses increased 5.9% year over year to 276.47 billion won from 261.10 billion won.

eported net income fell 57.2% from the prior-year period to 1.10 Ecoplastic Corp.