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FarmStory Q3 loss widens YOY

FarmStory Co. Ltd. said its normalized net income for the third quarter amounted to a loss of 84.90 South Korean won per share, compared with a loss of 34.67 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 6.74 billion won, compared with a loss of 2.69 billion won in the prior-year period.

The normalized profit margin fell to negative 2.5% from negative 1.1% in the year-earlier period.

Total revenue climbed 9.4% year over year to 263.61 billion won from 240.87 billion won, and total operating expenses rose 10.0% from the prior-year period to 266.15 billion won from 241.90 billion won.

Reported net income came to a loss of 4.60 billion won, or a loss of 57.92 won per share, compared to a loss of 2.10 billion won, or a loss of 27.00 won per share, in the prior-year period.

As of Nov. 16, US$1 was equivalent to 1,172.80 South Korean won.