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Coreana Cosmetics swings to profit in Q1

4913615 said its first-quarter normalized net income was 33.24 South Korean won per share, compared with a loss of 33.16 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 1.04 billion won, compared with a loss of 1.04 billion won in the year-earlier period.

The normalized profit margin climbed to 3.4% from negative 4.5% in the year-earlier period.

Total revenue increased 33.2% year over year to 30.80 billion won from 23.12 billion won, and total operating expenses climbed 17.3% on an annual basis to 29.33 billion won from 25.01 billion won.

Reported net income totaled 1.65 billion won, or 52.94 won per share, compared to a loss of 2.00 billion won, or a loss of 63.81 won per share, in the prior-year period.

s of May 15, US$1 was equivalent to 1,083.65 South Korean won.Coreana Cosmetics Co. Ltd.

4913615 said its first-quarter normalized net income was 33.24 South Korean won per share, compared with a loss of 33.16 won per share in the year-earlier period.