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Aurora World Q1 profit falls YOY

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Aurora World Q1 profit falls YOY

Aurora World Corp. said its first-quarter normalized net income was 139.95 South Korean won per share, a decrease of 21.7% from 178.75 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 1.47 billion won, a decline of 21.7% from 1.88 billion won in the year-earlier period.

The normalized profit margin declined to 5.1% from 6.6% in the year-earlier period.

Total revenue came to 28.72 billion won, compared with 28.62 billion won in the year-earlier period, and total operating expenses fell from the prior-year period to 25.00 billion won from 25.87 billion won.

Reported net income declined 38.7% year over year to 1.24 billion won, or 117.70 won per share, from 2.02 billion won, or 192.02 won per share.

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