TOBESOFT Co. Ltd. said its first-quarter normalized net income was a loss of 70.89 South Korean won per share, compared with a loss of 17.55 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 703.9 million won, compared with a loss of 193.5 million won in the prior-year period.
The normalized profit margin declined to negative 6.4% from negative 2.7% in the year-earlier period.
Total revenue declined year over year to 6.90 billion won from 7.18 billion won, and total operating expenses grew from the prior-year period to 7.93 billion won from 7.64 billion won.
Reported net income came to a loss of 983.2 million won, or a loss of 99.03 won per share, compared to a loss of 31.6 million won, or a loss of 2.87 won per share, in the year-earlier period.
As of May 13, US$1 was equivalent to 1,177.12 South Korean won.
