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Interpark profit misses consensus by 63.7% in Q2

Interpark Corp. said its normalized net income for the second quarter amounted to 61.63 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 170.00 won per share.

EPS increased year over year from 28.14 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.04 billion won, a gain from 940.6 million won in the prior-year period.

The normalized profit margin rose to 2.4% from 1.1% in the year-earlier period.

Total revenue grew year over year to 85.58 billion won from 82.00 billion won, and total operating expenses came to 80.88 billion won, compared with 80.54 billion won in the year-earlier period.

Reported net income rose year over year to 3.61 billion won, or 109.00 won per share, from 872.0 million won, or 26.09 won per share.

As of Aug. 17, US$1 was equivalent to 1,183.06 South Korean won.