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Seoyon E-Hwa posts Q1 profit

Seoyon E-Hwa Co. Ltd. said its first-quarter normalized net income came to 16.85 billion won.

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

The normalized profit margin was 3.0%.

Total revenue totaled 571.26 billion won, and total operating expenses totaled 533.02 billion won.

Reported net income came to 24.74 billion won, or 915.66 won per share.

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