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Hyundai Industrial Q2 profit falls YOY

4915986 said its second-quarter normalized net income was 189.29 South Korean won per share, a decrease of 19.8% from 236.02 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 2.85 billion won, a decline of 19.9% from 3.56 billion won in the prior-year period.

The normalized profit margin fell to 5.6% from 7.7% in the year-earlier period.

Total revenue rose 8.9% year over year to 50.54 billion won from 46.43 billion won, and total operating expenses rose 14.1% from the prior-year period to 46.22 billion won from 40.50 billion won.

Reported net income declined 22.2% on an annual basis to 3.45 billion won, or 228.84 won per share, from 4.44 billion won, or 294.09 won per share.

s of Aug. 18, US$1 was equivalent to 1,185.50 South Korean won.Hyundai Industrial Co. Ltd.