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Hyundai Green Food Q2 profit falls YOY

Hyundai Green Food Co. Ltd. said its normalized net income for the second quarter came to 237.79 South Korean won per share, a decline of 7.0% from 255.69 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 20.76 billion won, a decline of 7.0% from 22.32 billion won in the prior-year period.

The normalized profit margin declined to 4.2% from 4.8% in the year-earlier period.

Total revenue rose 7.4% on an annual basis to 497.89 billion won from 463.49 billion won, and total operating expenses rose 7.3% year over year to 472.99 billion won from 440.91 billion won.

Reported net income declined from the prior-year period to 26.10 billion won, or 298.98 won per share, from 26.80 billion won, or 306.99 won per share.

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