Dongwon Metal Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 39.55 South Korean won per share, compared with a loss of 15.45 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 1.08 billion won, compared with a loss of 415.4 million won in the prior-year period.
The normalized profit margin climbed to 1.2% from negative 0.4% in the year-earlier period.
Total revenue decreased 11.4% on an annual basis to 92.34 billion won from 104.21 billion won, and total operating expenses declined 11.2% year over year to 89.72 billion won from 101.01 billion won.
Reported net income totaled 2.31 billion won, or 85.00 won per share, compared to a loss of 806.8 million won, or a loss of 30.00 won per share, in the year-earlier period.
As of Nov. 14, US$1 was equivalent to 1,102.78 South Korean won.
