S-Oil Corp. said its first-quarter normalized net income amounted to 1,493.30 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 866.53 won per share.
EPS rose 886.6% year over year from 151.36 won.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 173.91 billion won, a gain of 884.6% from 17.66 billion won in the year-earlier period.
The normalized profit margin climbed to 4.0% from 0.2% in the year-earlier period.
Total revenue fell 42.5% year over year to 4.374 trillion won from 7.602 trillion won, and total operating expenses declined 45.3% year over year to 4.136 trillion won from 7.556 trillion won.
Reported net income increased 732.7% year over year to 211.25 billion won, or 1,814.00 won per share, from 25.37 billion won, or 217.43 won per share.
As of May 15, US$1 was equivalent to 1,083.65 South Korean won.
