DAE-IL Corp. said its first-quarter normalized net income was 38.17 South Korean won per share, a decline of 65.9% from 111.94 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 824.5 million won, a decrease of 65.5% from 2.39 billion won in the year-earlier period.
The normalized profit margin declined to 0.7% from 1.8% in the year-earlier period.
Total revenue decreased 5.6% year over year to 123.72 billion won from 131.05 billion won, and total operating expenses declined year over year to 117.50 billion won from 123.28 billion won.
Reported net income declined 76.3% year over year to 779.2 million won, or 36.07 won per share, from 3.29 billion won, or 153.83 won per share.
As of May 15, US$1 was equivalent to 1,083.65 South Korean won.
