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Cuchen posts Q1 profit

Cuchen Co. Ltd. said its normalized net income for the first quarter came to 2.22 billion won.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 3.2%.

Total revenue totaled 69.46 billion won, and total operating expenses totaled 65.95 billion won.

Reported net income came to 2.66 billion won, or 249.08 won per share.

As of May 11, US$1 was equivalent to 1,163.58 South Korean won.