Xhyungji Elite Co. Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, amounted to 147.15 South Korean won per share, a decrease of 46.8% from 276.73 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 2.02 billion won, a decline of 35.5% from 3.13 billion won in the year-earlier period.
The normalized profit margin declined to 6.7% from 9.6% in the year-earlier period.
Total revenue declined 11.5% year over year to 28.86 billion won from 32.62 billion won, and total operating expenses fell 8.0% from the prior-year period to 25.58 billion won from 27.81 billion won.
Reported net income decreased 42.8% year over year to 2.51 billion won, or 183.24 won per share, from 4.40 billion won, or 388.97 won per share.
As of Feb. 17, US$1 was equivalent to 1,108.49 South Korean won.
