Daejoo Co. Ltd. said its normalized net income for the first quarter amounted to 7.28 South Korean won per share, a gain of 18.3% from 6.16 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 257.8 million won, an increase of 19.1% from 216.5 million won in the prior-year period.
The normalized profit margin increased to 1.3% from 1.1% in the year-earlier period.
Total revenue increased year over year to 20.49 billion won from 19.55 billion won, and total operating expenses increased 5.7% on an annual basis to 20.06 billion won from 18.99 billion won.
Reported net income fell 6.9% year over year to 321.9 million won, or 9.10 won per share, from 345.8 million won, or 9.84 won per share.
As of May 15, US$1 was equivalent to 1,083.65 South Korean won.
