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Multicampus Q1 profit climbs YOY

Multicampus Corp. said its first-quarter normalized net income came to 233.98 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 267.98 won per share.

EPS increased year over year from 225.40 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.39 billion won, a gain from 1.34 billion won in the prior-year period.

The normalized profit margin rose to 4.8% from 4.8% in the year-earlier period.

Total revenue increased on an annual basis to 28.62 billion won from 28.00 billion won, and total operating expenses rose year over year to 26.97 billion won from 26.40 billion won.

Reported net income grew 9.7% from the prior-year period to 1.69 billion won, or 285.74 won per share, from 1.54 billion won, or 260.13 won per share.

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