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Sae Dong Q3 loss widens YOY

Sae Dong Co. Ltd. said its third-quarter normalized net income came to a loss of 10.74 South Korean won per share, compared with a loss of 10.63 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 144.6 million won, compared with a loss of 143.0 million won in the year-earlier period.

The normalized profit margin climbed to negative 0.4% from negative 0.5% in the year-earlier period.

Total revenue increased year over year to 30.96 billion won from 30.64 billion won, and total operating expenses came to 31.25 billion won, compared with 30.96 billion won in the year-earlier period.

Reported net income came to a loss of 231.4 million won, or a loss of 17.18 won per share, compared to a loss of 228.8 million won, or a loss of 17.00 won per share, in the year-earlier period.

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