Deutsch Motors Inc. said its first-quarter normalized net income amounted to 28.28 South Korean won per share, compared with a loss of 1.31 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 725.6 million won, compared with a loss of 27.9 million won in the year-earlier period.
The normalized profit margin increased to 0.6% from negative 0.0% in the year-earlier period.
Total revenue increased year over year to 127.70 billion won from 122.94 billion won, and total operating expenses climbed on an annual basis to 126.74 billion won from 123.73 billion won.
Reported net income came to 734.3 million won, or 28.62 won per share, compared to a loss of 361.3 million won, or a loss of 16.93 won per share, in the year-earlier period.
As of May 15, US$1 was equivalent to 1,083.65 South Korean won.
