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Cosmax Q2 profit climbs 41.9% YOY

Cosmax Inc. said its normalized net income for the second quarter amounted to 942.42 South Korean won per share, an increase of 41.9% from 664.08 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 8.48 billion won, a gain of 41.9% from 5.97 billion won in the prior-year period.

The normalized profit margin fell to 5.8% from 5.8% in the year-earlier period.

Total revenue climbed 44.6% year over year to 148.33 billion won from 102.59 billion won, and total operating expenses grew 47.2% from the prior-year period to 134.49 billion won from 91.37 billion won.

Reported net income rose 37.2% year over year to 10.00 billion won, or 1,111.27 won per share, from 7.29 billion won, or 809.88 won per share.

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