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Unick Q2 profit falls YOY

Unick Corp. said its normalized net income for the second quarter amounted to 71.12 South Korean won per share, a decrease of 55.3% from 159.28 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 1.26 billion won, a decline of 55.3% from 2.81 billion won in the prior-year period.

The normalized profit margin fell to 2.1% from 4.8% in the year-earlier period.

Total revenue totaled 58.89 billion won, compared with 58.49 billion won in the year-earlier period, and total operating expenses increased year over year to 57.40 billion won from 54.73 billion won.

Reported net income decreased 63.7% from the prior-year period to 1.40 billion won, or 79.15 won per share, from 3.85 billion won, or 218.44 won per share.

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