DUAL Industrial Co. Ltd. said its normalized net income for the first quarter was 34.64 South Korean won per share, a gain of 34.8% from 25.70 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 360.1 million won, a gain of 45.4% from 247.6 million won in the year-earlier period.
The normalized profit margin rose to 3.6% from 3.0% in the year-earlier period.
Total revenue rose 13.9% on an annual basis to 9.50 billion won from 8.34 billion won, and total operating expenses increased 11.4% year over year to 8.95 billion won from 8.04 billion won.
Reported net income rose 45.9% from the prior-year period to 576.1 million won, or 55.43 won per share, from 395.0 million won, or 41.00 won per share.
As of May 15, US$1 was equivalent to 1,083.65 South Korean won.
