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ATLASBX Q2 profit climbs 19.6% YOY

ATLASBX Co. Ltd. said its second-quarter normalized net income amounted to 1,151.94 South Korean won per share, an increase of 19.6% from 963.07 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 10.54 billion won, an increase of 19.6% from 8.81 billion won in the year-earlier period.

The normalized profit margin climbed to 8.4% from 8.2% in the year-earlier period.

Total revenue climbed 16.0% on an annual basis to 124.85 billion won from 107.63 billion won, and total operating expenses grew 16.1% on an annual basis to 110.25 billion won from 94.93 billion won.

Reported net income grew 23.2% year over year to 13.24 billion won, or 1,447.04 won per share, from 10.75 billion won, or 1,174.50 won per share.

As of Aug. 17, US$1 was equivalent to 1,183.06 South Korean won.