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Daesung Eltec posts Q2 profit

Daesung Eltec Co. Ltd. said its second-quarter normalized net income was 1.28 billion won.

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

The normalized profit margin was 1.3%.

Total revenue came to 96.77 billion won, and total operating expenses totaled 94.11 billion won.

Reported net income totaled 1.46 billion won, or 21.21 won per share.

As of Aug. 16, US$1 was equivalent to 1,094.67 South Korean won.