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Sejin T.S Q1 loss widens 30.3% YOY

Sejin T.S Co.Ltd said its first-quarter normalized net income amounted to a loss of 81.24 South Korean won per share, compared with a loss of 62.50 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 673.6 million won, compared with a loss of 517.0 million won in the year-earlier period.

The normalized profit margin fell to negative 10.7% from negative 8.1% in the year-earlier period.

Total revenue came to 6.31 billion won, compared with 6.37 billion won in the year-earlier period, and total operating expenses increased on an annual basis to 7.47 billion won from 7.39 billion won.

Reported net income came to a loss of 1.10 billion won, or a loss of 132.63 won per share, compared to a loss of 620.2 million won, or a loss of 74.98 won per share, in the prior-year period.

As of May 13, US$1 was equivalent to 1,177.12 South Korean won.