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ISE Commerce Q2 loss narrows YOY

ISE Commerce Company Ltd said its second-quarter normalized net income amounted to a loss of 9.46 South Korean won per share, compared with a loss of 23.26 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 205.2 million won, compared with a loss of 285.3 million won in the prior-year period.

The normalized profit margin fell to negative 19.1% from negative 2.4% in the year-earlier period.

Total revenue declined on an annual basis to 11.42 billion won from 12.00 billion won, and total operating expenses decreased 6.3% from the prior-year period to 12.00 billion won from 12.82 billion won.

Reported net income came to a loss of 411.3 million won, or a loss of 18.96 won per share, compared to a loss of 607.7 million won, or a loss of 49.54 won per share, in the prior-year period.

As of Aug. 17, US$1 was equivalent to 1,183.06 South Korean won.