Trais Co. Ltd. said its normalized net income for the first quarter amounted to a loss of 9.66 South Korean won per share, compared with a loss of 51.97 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 369.2 million won, compared with a loss of 1.59 billion won in the prior-year period.
The normalized profit margin climbed to negative 5.3% from negative 10.7% in the year-earlier period.
Total revenue fell 53.0% year over year to 6.99 billion won from 14.86 billion won, and total operating expenses decreased 57.2% on an annual basis to 6.98 billion won from 16.32 billion won.
Reported net income totaled a loss of 590.7 million won, or a loss of 15.46 won per share, compared to a loss of 2.86 billion won, or a loss of 93.22 won per share, in the prior-year period.
As of May 9, US$1 was equivalent to 1,174.39 South Korean won.
