Hotel Shilla Co. Ltd. said its normalized net income for the first quarter was 382.66 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 528.50 won per share.
EPS increased 40.9% year over year from 271.63 won.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 14.78 billion won, an increase of 38.3% from 10.68 billion won in the year-earlier period.
The normalized profit margin fell to 1.8% from 1.8% in the year-earlier period.
Total revenue grew 39.5% year over year to 828.51 billion won from 594.05 billion won, and total operating expenses rose 38.9% from the prior-year period to 794.87 billion won from 572.31 billion won.
Reported net income rose 31.9% on an annual basis to 15.24 billion won, or 394.74 won per share, from 11.56 billion won, or 293.80 won per share.
As of May 15, US$1 was equivalent to 1,083.65 South Korean won.
