MegaStudyEdu Co. Ltd said its first-quarter normalized net income was a loss of 2.46 billion won.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin was 6.2%.
Total revenue came to 39.43 billion won, and total operating expenses totaled 43.64 billion won.
Reported net income totaled a loss of 3.05 billion won, or a loss of 1,313.87 won per share.
As of May 16, US$1 was equivalent to 1,177.43 South Korean won.