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Zero To Seven Q1 profit falls YOY

4916561 said its first-quarter normalized net income was 49.17 South Korean won per share, a decrease of 12.8% from 56.42 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 604.4 million won, a decline of 8.2% from 658.1 million won in the prior-year period.

The normalized profit margin declined to 0.9% from 1.1% in the year-earlier period.

Total revenue climbed 7.0% year over year to 64.66 billion won from 60.42 billion won, and total operating expenses rose 6.9% on an annual basis to 63.48 billion won from 59.40 billion won.

eported net income decreased on an annual basis to 725.9 million Zero To Seven Inc.