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Leaders Cosmetics Q1 profit climbs YOY

Leaders Cosmetics Co. Ltd. said its first-quarter normalized net income was 598.91 South Korean won per share, a gain from 40.71 won per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 10.29 billion won, a gain from 699.3 million won in the prior-year period.

The normalized profit margin increased to 19.9% from 3.1% in the year-earlier period.

Total revenue increased on an annual basis to 51.80 billion won from 22.53 billion won, and total operating expenses rose 63.0% from the prior-year period to 34.28 billion won from 21.03 billion won.

Reported net income increased year over year to 12.55 billion won, or 730.93 won per share, from 823.3 million won, or 47.93 won per share.

As of May 14, US$1 was equivalent to 1,090.69 South Korean won.