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In the F Co. Q3 loss widens YOY

In the F Co. Ltd. said its normalized net income for the third quarter came to a loss of 58.03 South Korean won per share, compared with a loss of 22.93 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 3.42 billion won, compared with a loss of 1.35 billion won in the year-earlier period.

The normalized profit margin dropped to negative 10.8% from negative 4.1% in the year-earlier period.

Total revenue declined on an annual basis to 31.69 billion won from 33.16 billion won, and total operating expenses grew 5.3% on an annual basis to 37.08 billion won from 35.23 billion won.

Reported net income came to a loss of 5.66 billion won, or a loss of 96.07 won per share, compared to a loss of 2.17 billion won, or a loss of 37.00 won per share, in the prior-year period.

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