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KleanNara Q1 profit falls YOY

KleanNara Co. Ltd. said its first-quarter normalized net income was 9.08 South Korean won per share, a decline of 77.4% from 40.23 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 309.2 million won, a decrease of 78.7% from 1.45 billion won in the year-earlier period.

The normalized profit margin declined to 0.2% from 0.9% in the year-earlier period.

Total revenue rose year over year to 168.08 billion won from 165.80 billion won, and total operating expenses increased from the prior-year period to 166.53 billion won from 162.98 billion won.

Reported net income decreased 73.6% from the prior-year period to 612.6 million won, or 13.24 won per share, from 2.32 billion won, or 64.39 won per share.

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