LS Networks Corp. Ltd. said its normalized net income for the first quarter came to 92.59 South Korean won per share, an increase from 29.06 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 6.80 billion won, an increase from 2.26 billion won in the year-earlier period.
The normalized profit margin rose to 3.2% from 1.2% in the year-earlier period.
Total revenue rose 13.0% year over year to 215.15 billion won from 190.39 billion won, and total operating expenses rose 14.0% on an annual basis to 213.99 billion won from 187.73 billion won.
Reported net income grew from the prior-year period to 6.00 billion won, or 81.73 won per share, from 2.42 billion won, or 31.18 won per share.
As of May 15, US$1 was equivalent to 1,083.65 South Korean won.
