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NS Shopping Q1 profit climbs 14.5% YOY

NS Shopping Co. Ltd said its first-quarter normalized net income came to 4,363.29 South Korean won per share, an increase of 14.5% from 3,810.70 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 14.70 billion won, a gain of 14.5% from 12.84 billion won in the year-earlier period.

The normalized profit margin climbed to 14.8% from 13.9% in the year-earlier period.

Total revenue climbed 7.2% on an annual basis to 99.20 billion won from 92.53 billion won, and total operating expenses grew on an annual basis to 76.23 billion won from 72.97 billion won.

Reported net income rose 17.1% from the prior-year period to 18.08 billion won, or 5,366.84 won per share, from 15.44 billion won, or 4,581.96 won per share.

As of May 26, US$1 was equivalent to 1,106.84 South Korean won.