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Midong & Cinema Q1 profit falls YOY

4915951 said its normalized net income for the first quarter amounted to 27.94 South Korean won per share, a decline of 18.3% from 34.18 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 251.4 million won, a decline of 18.6% from 308.8 million won in the year-earlier period.

The normalized profit margin fell to 2.4% from 3.5% in the year-earlier period.

Total revenue rose 27.5% on an annual basis to 11.24 billion won from 8.82 billion won, and total operating expenses grew 24.0% on an annual basis to 10.86 billion won from 8.76 billion won.

Reported net income fell 19.9% on an annual basis to 412.3 million won, or 45.81 won per share, from 515.0 million won, or 57.00 won per share.

s of May 21, US$1 was equivalent to 1,094.34 South Korean won.Midong & Cinema Co. Ltd.

4915951 said its normalized net income for the first quarter amounted to 27.94 South Korean won per share, a decline of 18.3% from 34.18 won per share in the prior-year period.