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NongShim Holdings Q1 profit falls YOY

4916127 said its normalized net income for the first quarter came to 1,263.92 South Korean won per share, a decrease of 22.4% from 1,627.85 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 5.86 billion won, a decrease of 22.4% from 7.55 billion won in the prior-year period.

The normalized profit margin declined to 5.8% from 8.0% in the year-earlier period.

Total revenue increased 6.8% on an annual basis to 100.94 billion won from 94.53 billion won, and total operating expenses climbed 11.6% from the prior-year period to 90.86 billion won from 81.41 billion won.

Reported net income decreased 18.7% from the prior-year period to 8.78 billion won, or 1,893.87 won per share, from 10.80 billion won, or 2,328.81 won per share.

s of May 15, US$1 was equivalent to 1,083.65 South Korean won.NongShim Holdings Co. Ltd.

4916127 said its normalized net income for the first quarter came to 1,263.92 South Korean won per share, a decrease of 22.4% from 1,627.85 won per share in the prior-year period.