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Unick Q1 profit falls YOY

Unick Corp. said its normalized net income for the first quarter was 115.52 South Korean won per share, a decline of 29.8% from 164.54 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 2.03 billion won, a decrease of 29.9% from 2.90 billion won in the prior-year period.

The normalized profit margin fell to 3.5% from 5.0% in the year-earlier period.

Total revenue came to 57.48 billion won, compared with 57.54 billion won in the year-earlier period, and total operating expenses climbed on an annual basis to 54.60 billion won from 53.10 billion won.

Reported net income declined 24.2% year over year to 2.98 billion won, or 169.47 won per share, from 3.93 billion won, or 222.99 won per share.

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