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ICD Co. Ltd. posts Q1 loss

ICD Co. Ltd. said its first-quarter normalized net income came to a loss of 1.75 billion won.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 0.8%.

Total revenue came to 8.74 billion won, and total operating expenses totaled 11.46 billion won.

Reported net income totaled a loss of 1.78 billion won, or a loss of 111.02 won per share.

As of May 23, US$1 was equivalent to 1,184.64 South Korean won.