Net profit attributable to owners increased 9% in the first quarter to KRW 89,222 million ($60.9 mm) from KRW 81,801 million, driven by 4% higher revenues of KRW 1,289,035 million ($880.4 mm), up from KRW 1,237,499 million. As already reported, Acushnet’s golf business accounted for KRW 1,103,229 million of the top line and KRW 171,539 million in operating profit. GOLF expects revenues to increase 2.5% to 4.5% on a constant currency basis this year, and adjusted EBITDA growth of 1.1% to 6.0%.

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