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Neodian Technology Q1 loss widens YOY

Yulho Co. LTD. said its first-quarter normalized net income was a loss of 21.17 South Korean won per share, compared with a loss of 1.19 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 515.0 million won, compared with a loss of 21.9 million won in the year-earlier period.

The normalized profit margin declined to negative 6.2% from negative 0.5% in the year-earlier period.

Total revenue rose 70.7% year over year to 8.26 billion won from 4.84 billion won, and total operating expenses climbed 86.4% from the prior-year period to 9.08 billion won from 4.87 billion won.

Reported net income came to a loss of 1.08 billion won, or a loss of 44.42 won per share, compared to income of 788.9 million won, or 42.87 won per share, in the prior-year period.

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