Seoul:<Text>

Mobis on Friday reported its first-quarter net profit of 883.1 billion won (US$595.4 million), marking a 14.4 percent decrease from the same period last year.

According to Yonhap News Agency, the company disclosed in a regulatory filing that it achieved an operating profit of 802.6 billion won for the quarter, compared to 776.7 billion won a year ago. Meanwhile, the company's revenue increased by 5.5 percent, reaching 15.56 trillion won.

The reported earnings did not meet market expectations, as analysts had predicted an average net profit of 1.02 trillion won, based on a survey conducted by Yonhap Infomax, the financial data division of Yonhap News Agency.