Modetour Network Inc. said its normalized net income for the first quarter came to 252.09 South Korean won per share, an increase from 115.24 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 4.63 billion won, a gain from 2.11 billion won in the year-earlier period.
The normalized profit margin rose to 9.2% from 5.2% in the year-earlier period.
Total revenue climbed 24.8% year over year to 50.36 billion won from 40.36 billion won, and total operating expenses grew 17.8% on an annual basis to 44.02 billion won from 37.37 billion won.
Reported net income increased 7.6% year over year to 5.62 billion won, or 305.73 won per share, from 5.22 billion won, or 285.57 won per share.
As of May 15, US$1 was equivalent to 1,083.65 South Korean won.
