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Yura Tech Q1 profit falls YOY

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Yura Tech Q1 profit falls YOY

Yura Tech Co. Ltd. said its normalized net income for the first quarter amounted to 137.32 South Korean won per share, a decrease of 31.7% from 201.01 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 1.57 billion won, a decrease of 31.6% from 2.30 billion won in the year-earlier period.

The normalized profit margin fell to 3.4% from 5.5% in the year-earlier period.

Total revenue climbed 12.5% year over year to 46.89 billion won from 41.69 billion won, and total operating expenses increased 12.0% from the prior-year period to 44.53 billion won from 39.77 billion won.

Reported net income declined 42.6% year over year to 1.93 billion won, or 168.30 won per share, from 3.36 billion won, or 293.91 won per share.

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