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Woory Industrial posts Q1 profit

Woory Industrial Co. Ltd. said its first-quarter normalized net income was 2.24 billion won.

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

The normalized profit margin was 3.6%.

Total revenue totaled 62.11 billion won, and total operating expenses came to 59.16 billion won.

Reported net income came to 2.79 billion won, or 306.11 won per share.

As of May 16, US$1 was equivalent to 1,177.43 South Korean won.