trending Market Intelligence /marketintelligence/en/news-insights/trending/krYzTisJxpjpAw-bwvUedg2 content esgSubNav
In This List

Ilshin Spinning Q1 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Ilshin Spinning Q1 profit falls YOY

Ilshin Spinning Co. Ltd. said its normalized net income for the first quarter amounted to 1,706.92 South Korean won per share, a decrease of 26.6% from 2,326.99 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 4.00 billion won, a decrease of 26.7% from 5.46 billion won in the year-earlier period.

The normalized profit margin declined to 3.6% from 5.4% in the year-earlier period.

Total revenue increased 10.1% year over year to 111.65 billion won from 101.41 billion won, and total operating expenses grew 11.3% year over year to 106.75 billion won from 95.92 billion won.

Reported net income decreased 35.1% year over year to 4.89 billion won, or 2,083.86 won per share, from 7.52 billion won, or 3,206.00 won per share.

As of May 15, US$1 was equivalent to 1,083.65 South Korean won.