Samyang Tongsang Co. Ltd. said its normalized net income for the third quarter was a loss of 160.24 South Korean won per share, compared with 395.36 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 a loss of 480.7 million won, compared with income of 1.19 billion won in the prior-year period.
The normalized profit margin fell to negative 1.0% from 2.5% in the year-earlier period.
Total revenue increased 6.4% year over year to 50.18 billion won from 47.16 billion won, and total operating expenses grew 6.7% on an annual basis to 47.18 billion won from 44.21 billion won.
Reported net income came to a loss of 462.0 million won, or a loss of 154.00 won per share, compared to income of 1.32 billion won, or 440.00 won per share, in the prior-year period.
As of Nov. 16, US$1 was equivalent to 1,172.80 South Korean won.