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Woory Industrial posts Q2 profit

Woory Industrial Co. Ltd. said its normalized net income for the second quarter amounted to 2.44 billion won.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 3.8%.

Total revenue totaled 63.39 billion won, and total operating expenses came to 59.16 billion won.

Reported net income came to 3.40 billion won, or 372.04 won per share.

As of Aug. 12, US$1 was equivalent to 1,101.24 South Korean won.