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Pulmuone Q2 profit climbs YOY

Pulmuone Co. Ltd. said its second-quarter normalized net income was 1,851.36 South Korean won per share, an increase from 1,783.29 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 6.89 billion won, a gain from 6.62 billion won in the prior-year period.

The normalized profit margin dropped to 1.5% from 1.6% in the year-earlier period.

Total revenue rose 11.1% on an annual basis to 462.29 billion won from 415.95 billion won, and total operating expenses increased 12.6% year over year to 453.10 billion won from 402.47 billion won.

Reported net income rose 63.0% on an annual basis to 6.07 billion won, or 1,630.30 won per share, from 3.73 billion won, or 1,002.99 won per share.

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