F&F Co. Ltd. said its normalized net income for the first quarter amounted to 131.20 South Korean won per share, a gain from 55.03 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 2.02 billion won, a gain from 843.2 million won in the year-earlier period.
The normalized profit margin climbed to 2.7% from 1.3% in the year-earlier period.
Total revenue grew 25.0% on an annual basis to 78.17 billion won from 62.52 billion won, and total operating expenses rose 22.1% on an annual basis to 75.00 billion won from 61.45 billion won.
Reported net income rose year over year to 2.45 billion won, or 158.99 won per share, from 871.4 million won, or 56.87 won per share.
As of May 15, US$1 was equivalent to 1,083.65 South Korean won.
