Samkee Automotive Co. Ltd. said its normalized net income for the first quarter came to 83.94 South Korean won per share, a decline of 54.7% from 185.44 won per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.59 billion won, a decrease of 8.0% from 2.81 billion won in the prior-year period.
The normalized profit margin declined to 4.0% from 4.6% in the year-earlier period.
Total revenue climbed 4.9% year over year to 64.00 billion won from 60.99 billion won, and total operating expenses increased 6.3% from the prior-year period to 59.27 billion won from 55.78 billion won.
Reported net income rose 11.4% year over year to 4.00 billion won, or 129.79 won per share, from 3.59 billion won, or 236.77 won per share.
As of May 15, US$1 was equivalent to 1,083.65 South Korean won.
