trending Market Intelligence /marketintelligence/en/news-insights/trending/f3ZRkccugwQ6QlY1KKaBxw2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Visang Education Q2 loss narrows YOY

Gender Parity within German Banks


Deal Trends in Latin America, Issue 13


Capital Markets View April 2021

Fintech Intelligence Digital Newsletter: April 2021

Visang Education Q2 loss narrows YOY

Visang Education Inc. said its second-quarter normalized net income was a loss of 146.32 South Korean won per share, compared with a loss of 434.82 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 1.79 billion won, compared with a loss of 5.44 billion won in the year-earlier period.

The normalized profit margin rose to negative 8.5% from negative 31.9% in the year-earlier period.

Total revenue rose 23.2% year over year to 21.04 billion won from 17.08 billion won, and total operating expenses fell 5.9% on an annual basis to 24.20 billion won from 25.72 billion won.

Reported net income totaled a loss of 4.37 billion won, or a loss of 357.08 won per share, compared to a loss of 6.59 billion won, or a loss of 526.58 won per share, in the prior-year period.

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