CJ Freshway Corp. said its first-quarter normalized net income came to 97.35 South Korean won per share, compared with a loss of 29.56 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 1.06 billion won, compared with a loss of 321.1 million won in the year-earlier period.
The normalized profit margin increased to 0.2% from negative 0.1% in the year-earlier period.
Total revenue rose 9.1% on an annual basis to 467.20 billion won from 428.20 billion won, and total operating expenses climbed 8.9% from the prior-year period to 463.85 billion won from 425.96 billion won.
Reported net income came to 1.01 billion won, or 93.19 won per share, compared to a loss of 552.4 million won, or a loss of 50.85 won per share, in the prior-year period.
As of May 15, US$1 was equivalent to 1,083.65 South Korean won.
