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GSRetail Q1 profit climbs YOY

4916060 said its first-quarter normalized net income came to 349.09 South Korean won per share, a gain from 132.94 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 26.88 billion won, an increase from 10.25 billion won in the prior-year period.

The normalized profit margin rose to 2.0% from 0.9% in the year-earlier period.

Total revenue climbed 17.1% on an annual basis to 1.325 trillion won from 1.131 trillion won, and total operating expenses rose 14.9% from the prior-year period to 1.285 trillion won from 1.119 trillion won.

eported net income grew from the prior-year period to 31.02 billi GSRetail Co. Ltd..