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TBH Global Q3 loss widens 41.2% YOY

TBH Global Co. Ltd. said its third-quarter normalized net income came to a loss of 385.99 South Korean won per share, compared with a loss of 273.76 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 8.05 billion won, compared with a loss of 5.70 billion won in the year-earlier period.

The normalized profit margin declined to negative 6.4% from negative 5.6% in the year-earlier period.

Total revenue rose 22.5% on an annual basis to 125.78 billion won from 102.71 billion won, and total operating expenses increased 24.1% from the prior-year period to 139.77 billion won from 112.61 billion won.

Reported net income totaled a loss of 12.22 billion won, or a loss of 585.75 won per share, compared to a loss of 7.27 billion won, or a loss of 349.00 won per share, in the year-earlier period.

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