trending Market Intelligence /marketintelligence/en/news-insights/trending/z4jgk1ZziZ2aWOpkHljA8w2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Yoosung Enterprise Q2 profit falls YOY

Blog

US utility commissioners: Who they are and how they impact regulation

Video

Climate Credit Analytics: Linking climate scenarios to financial impacts

Blog

Essential Energy Insights, April 2021

Blog

LCD Monthly: LIBOR: A dramedy for our times


Yoosung Enterprise Q2 profit falls YOY

Yoosung Enterprise Co. Ltd. said its normalized net income for the second quarter amounted to 119.56 South Korean won per share, a decline of 53.1% from 254.77 won per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.07 billion won, a decrease of 55.5% from 6.89 billion won in the prior-year period.

The normalized profit margin dropped to 4.4% from 8.3% in the year-earlier period.

Total revenue declined 15.5% year over year to 70.12 billion won from 82.97 billion won, and total operating expenses fell 6.8% from the prior-year period to 70.28 billion won from 75.40 billion won.

Reported net income fell 81.8% from the prior-year period to 1.85 billion won, or 72.22 won per share, from 10.19 billion won, or 376.49 won per share.

As of Aug. 17, US$1 was equivalent to 1,183.06 South Korean won.