SEWON Precision Industry Co. Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 came to 158.07 South Korean won per share, a decrease of 55.8% from 357.64 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 1.58 billion won, a decrease of 55.8% from 3.57 billion won in the year-earlier period.
The normalized profit margin fell to 1.9% from 4.4% in the year-earlier period.
Total revenue came to 82.14 billion won, compared with 82.13 billion won in the year-earlier period, and total operating expenses increased on an annual basis to 72.44 billion won from 71.42 billion won.
Reported net income declined 27.5% on an annual basis to 4.92 billion won, or 491.87 won per share, from 6.78 billion won, or 678.73 won per share.
As of Dec. 1, US$1 was equivalent to 1,109.60 South Korean won.
