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Seoyon E-Hwa posts Q2 profit

Seoyon E-Hwa Co. Ltd. said its second-quarter normalized net income came to 16.62 billion won.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 3.1%.

Total revenue came to 540.65 billion won, and total operating expenses totaled 520.34 billion won.

Reported net income totaled 22.79 billion won, or 843.41 won per share.

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