EXEM Co. Ltd. said its first-quarter normalized net income came to a loss of 8.45 South Korean won per share, compared with a loss of 8.71 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 236.8 million won, compared with a loss of 207.8 million won in the prior-year period.
The normalized profit margin climbed to negative 6.3% from negative 8.8% in the year-earlier period.
Total revenue increased 75.5% on an annual basis to 4.16 billion won from 2.37 billion won, and total operating expenses grew 82.5% from the prior-year period to 5.01 billion won from 2.74 billion won.
Reported net income came to a loss of 448.7 million won, or a loss of 16.01 won per share, compared to a loss of 345.3 million won, or a loss of 14.48 won per share, in the prior-year period.
As of May 30, US$1 was equivalent to 1,190.50 South Korean won.
