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Dong-Il Q4 loss narrows YOY

Dong-Il Corp. said its normalized net income for the fourth quarter came to a loss of 2,986.60 South Korean won per share, compared with a loss of 3,213.88 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 4.69 billion won, compared with a loss of 5.02 billion won in the year-earlier period.

The normalized profit margin climbed to negative 2.5% from negative 2.6% in the year-earlier period.

Total revenue fell year over year to 186.74 billion won from 195.06 billion won, and total operating expenses declined on an annual basis to 189.96 billion won from 199.11 billion won.

Reported net income totaled a loss of 10.26 billion won, or a loss of 6,524.59 won per share, compared to a loss of 3.61 billion won, or a loss of 2,310.15 won per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 4,427.67 won per share, compared with a loss of 3,180.17 won per share in the prior year.

Normalized net income was a loss of 7.56 billion won, compared with a loss of 5.41 billion won in the prior year.

Full-year total revenue increased from the prior-year period to 774.11 billion won from 764.60 billion won, and total operating expenses increased on an annual basis to 763.43 billion won from 750.53 billion won.

The company said reported net income came to a loss of 14.75 billion won, or a loss of 8,639.66 won per share, in the full year, compared with a loss of 5.08 billion won, or a loss of 2,986.79 won per share, the prior year.

As of March 10, US$1 was equivalent to 1,203.54 South Korean won.