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Chemtronics.Co. Q1 loss narrows YOY

CHEMTRONICS.CO.Ltd. said its normalized net income for the first quarter came to a loss of 88.12 South Korean won per share, compared with a loss of 209.68 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 821.6 million won, compared with a loss of 2.15 billion won in the year-earlier period.

The normalized profit margin climbed to negative 1.3% from negative 3.3% in the year-earlier period.

Total revenue declined 7.3% on an annual basis to 61.17 billion won from 65.96 billion won, and total operating expenses declined 7.3% year over year to 62.60 billion won from 67.55 billion won.

Reported net income came to a loss of 1.31 billion won, or a loss of 140.60 won per share, compared to a loss of 2.49 billion won, or a loss of 242.79 won per share, in the year-earlier period.

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