Vidente Co. Ltd. said its first-quarter normalized net income came to a loss of 38.61 South Korean won per share, compared with a loss of 2.68 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 616.8 million won, compared with a loss of 25.8 million won in the prior-year period.
The normalized profit margin declined to negative 11.7% from negative 0.5% in the year-earlier period.
Total revenue climbed on an annual basis to 5.29 billion won from 5.11 billion won, and total operating expenses increased 22.6% on an annual basis to 6.33 billion won from 5.16 billion won.
Reported net income totaled 2.16 billion won, or 135.00 won per share, compared to a loss of 41.2 million won, or a loss of 4.29 won per share, in the prior-year period.
As of May 16, US$1 was equivalent to 1,177.43 South Korean won.
