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In the F Co. Q2 profit falls YOY

In the F Co. Ltd. said its second-quarter normalized net income came to 3.70 South Korean won per share, a decrease of 25.6% from 4.97 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 218.0 million won, a decrease of 38.5% from 354.3 million won in the year-earlier period.

The normalized profit margin dropped to 0.5% from 0.8% in the year-earlier period.

Total revenue declined 10.2% year over year to 40.46 billion won from 45.06 billion won, and total operating expenses decreased 10.3% on an annual basis to 39.97 billion won from 44.55 billion won.

Reported net income increased 32.5% year over year to 504.5 million won, or 8.56 won per share, from 380.8 million won, or 5.34 won per share.

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