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Dongkook Industrial Q1 profit climbs 60.7% YOY

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Dongkook Industrial Q1 profit climbs 60.7% YOY

Dongkook Industrial Co. Ltd. said its normalized net income for the first quarter was 90.20 South Korean won per share, an increase of 57.9% from 57.12 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 2.44 billion won, an increase of 60.7% from 1.52 billion won in the prior-year period.

The normalized profit margin increased to 1.5% from 0.9% in the year-earlier period.

Total revenue declined year over year to 163.18 billion won from 171.01 billion won, and total operating expenses declined year over year to 160.04 billion won from 167.14 billion won.

Reported net income rose on an annual basis to 3.85 billion won, or 142.00 won per share, from 1.36 billion won, or 51.18 won per share.

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