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Avista Q3 loss narrows YOY

Metalabs Co., Ltd. said its normalized net income for the third quarter came to a loss of 637.28 South Korean won per share, compared with a loss of 747.46 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 1.99 billion won, compared with a loss of 2.13 billion won in the prior-year period.

The normalized profit margin climbed to negative 9.3% from negative 9.6% in the year-earlier period.

Total revenue declined on an annual basis to 21.39 billion won from 22.23 billion won, and total operating expenses decreased year over year to 23.82 billion won from 24.89 billion won.

Reported net income came to a loss of 3.09 billion won, or a loss of 986.75 won per share, compared to a loss of 3.42 billion won, or a loss of 1,200.00 won per share, in the year-earlier period.

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