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ATLASBX Q1 profit falls YOY

ATLASBX Co. Ltd. said its first-quarter normalized net income came to 820.18 South Korean won per share, a decline of 26.7% from 1,119.07 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 7.50 billion won, a decline of 26.7% from 10.24 billion won in the year-earlier period.

The normalized profit margin dropped to 6.2% from 9.1% in the year-earlier period.

Total revenue increased 8.2% on an annual basis to 121.69 billion won from 112.43 billion won, and total operating expenses climbed 12.1% year over year to 110.11 billion won from 98.22 billion won.

Reported net income declined 37.1% year over year to 7.99 billion won, or 873.15 won per share, from 12.70 billion won, or 1,387.56 won per share.

As of May 15, US$1 was equivalent to 1,083.65 South Korean won.