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Samsung SDS Q1 profit climbs 22.6% YOY

Samsung SDS Co. Ltd. said its normalized net income for the first quarter was 1,074.96 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 1,193.31 won per share.

EPS climbed 22.6% year over year from 876.84 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 83.15 billion won, an increase of 22.6% from 67.83 billion won in the prior-year period.

The normalized profit margin rose to 4.3% from 3.6% in the year-earlier period.

Total revenue grew on an annual basis to 1.916 trillion won from 1.867 trillion won, and total operating expenses climbed on an annual basis to 1.785 trillion won from 1.765 trillion won.

Reported net income increased 23.0% on an annual basis to 88.40 billion won, or 1,142.83 won per share, from 71.87 billion won, or 929.03 won per share.

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