Barunson Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to a loss of 191.68 South Korean won per share, compared with a loss of 51.72 won per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 2.02 billion won, compared with a loss of 451.5 million won in the prior-year period.
The normalized profit margin declined to negative 27.8% from negative 5.2% in the year-earlier period.
Total revenue decreased 18.6% year over year to 7.13 billion won from 8.76 billion won, and total operating expenses decreased from the prior-year period to 10.32 billion won from 10.82 billion won.
Reported net income came to a loss of 4.00 billion won, or a loss of 379.96 won per share, compared to a loss of 1.77 billion won, or a loss of 202.66 won per share, in the prior-year period.
As of Aug. 29, US$1 was equivalent to 1,015.32 South Korean won.
