trending Market Intelligence /marketintelligence/en/news-insights/trending/4x35E5ZD_T_qgGV9IEQrkA2 content esgSubNav
In This List

Osung Advanced Materials Q1 loss widens YOY

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Using ESG Analysis to Support a Sustainable Future


Osung Advanced Materials Q1 loss widens YOY

Osung Advanced Materials Co. Ltd. said its first-quarter normalized net income amounted to a loss of 42.04 South Korean won per share, compared with a loss of 70 chon 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 744.4 million won, compared with a loss of 245.2 million won in the prior-year period.

The normalized profit margin declined to negative 7.1% from negative 1.7% in the year-earlier period.

Total revenue decreased 26.0% year over year to 10.51 billion won from 14.20 billion won, and total operating expenses declined 20.1% on an annual basis to 11.25 billion won from 14.08 billion won.

Reported net income totaled a loss of 1.19 billion won, or a loss of 67.26 won per share, compared to a loss of 479.0 million won, or a loss of 1.37 won per share, in the year-earlier period.

As of May 16, US$1 was equivalent to 1,177.43 South Korean won.