ADTechnology Co.Ltd. said its first-quarter normalized net income was a loss of 104.34 South Korean won per share, compared with 113.02 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 839.8 million won, compared with income of 935.4 million won in the prior-year period.
The normalized profit margin dropped to negative 13.1% from 7.5% in the year-earlier period.
Total revenue fell 48.4% on an annual basis to 6.41 billion won from 12.42 billion won, and total operating expenses declined 32.7% on an annual basis to 7.45 billion won from 11.07 billion won.
Reported net income came to a loss of 1.32 billion won, or a loss of 165.32 won per share, compared to income of 1.41 billion won, or 170.00 won per share, in the prior-year period.
As of May 16, US$1 was equivalent to 1,177.43 South Korean won.
