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Leadcorp Q1 profit climbs YOY

Leadcorp Inc. said its first-quarter normalized net income amounted to 285.49 South Korean won per share, a gain from 272.90 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 7.61 billion won, an increase from 7.28 billion won in the year-earlier period.

The normalized profit margin rose to 9.6% from 8.1% in the year-earlier period.

Total revenue decreased 11.9% year over year to 79.61 billion won from 90.34 billion won, and total operating expenses fell 5.2% year over year to 59.87 billion won from 63.13 billion won.

Reported net income grew 6.3% year over year to 9.50 billion won, or 356.13 won per share, from 8.94 billion won, or 335.00 won per share.

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