trending Market Intelligence /marketintelligence/en/news-insights/trending/W3lR-inIdynPu42E09Wg6Q2 content esgSubNav
In This List

ESTec Q1 profit climbs 43.9% YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


ESTec Q1 profit climbs 43.9% YOY

ESTec Corp. said its first-quarter normalized net income was 228.30 South Korean won per share, a gain of 44.0% from 158.59 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 1.92 billion won, an increase of 43.9% from 1.33 billion won in the year-earlier period.

The normalized profit margin rose to 3.1% from 2.0% in the year-earlier period.

Total revenue fell year over year to 62.85 billion won from 65.41 billion won, and total operating expenses decreased 6.4% from the prior-year period to 58.96 billion won from 62.97 billion won.

Reported net income rose 36.5% year over year to 2.52 billion won, or 299.24 won per share, from 1.84 billion won, or 219.11 won per share.

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