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In the F Co. Q4 loss widens YOY

In the F Co. Ltd. said its fourth-quarter normalized net income came to a loss of 42.22 South Korean won per share, compared with a loss of 12.12 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 2.49 billion won, compared with a loss of 717.1 million won in the year-earlier period.

The normalized profit margin fell to negative 3.1% from negative 0.9% in the year-earlier period.

Total revenue climbed year over year to 79.77 billion won from 78.72 billion won, and total operating expenses increased on an annual basis to 83.07 billion won from 79.46 billion won.

Reported net income totaled a loss of 4.57 billion won, or a loss of 77.48 won per share, compared to a loss of 1.13 billion won, or a loss of 19.05 won per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 89.71 won per share, compared with a loss of 60.71 won per share in the prior year.

Normalized net income was a loss of 5.29 billion won, compared with a loss of 3.57 billion won in the prior year.

Full-year total revenue increased from the prior-year period to 202.90 billion won from 195.83 billion won, and total operating expenses rose on an annual basis to 209.93 billion won from 200.84 billion won.

The company said reported net income totaled a loss of 9.57 billion won, or a loss of 162.34 won per share, in the full year, compared with a loss of 5.88 billion won, or a loss of 100.00 won per share, the prior year.

As of March 23, US$1 was equivalent to 1,118.96 South Korean won.