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Anam Electronics Q2 loss widens 20.4% YOY

Anam Electronics Co. Ltd. said its second-quarter normalized net income amounted to a loss of 18.58 South Korean won per share, compared with a loss of 15.43 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 1.41 billion won, compared with a loss of 1.17 billion won in the prior-year period.

The normalized profit margin climbed to negative 3.7% from negative 4.0% in the year-earlier period.

Total revenue grew 29.3% year over year to 38.09 billion won from 29.46 billion won, and total operating expenses rose 34.4% on an annual basis to 40.43 billion won from 30.08 billion won.

Reported net income came to a loss of 2.12 billion won, or a loss of 28.00 won per share, compared to a loss of 2.28 billion won, or a loss of 30.00 won per share, in the prior-year period.

As of Aug. 17, US$1 was equivalent to 1,183.06 South Korean won.