Barunson Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to a loss of 193.68 South Korean won per share, compared with a loss of 94.39 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 2.15 billion won, compared with a loss of 882.7 million won in the year-earlier period.
The normalized profit margin dropped to negative 32.0% from negative 9.5% in the year-earlier period.
Total revenue decreased 28.2% year over year to 6.70 billion won from 9.33 billion won, and total operating expenses declined 21.8% from the prior-year period to 8.43 billion won from 10.79 billion won.
Reported net income totaled a loss of 3.52 billion won, or a loss of 317.57 won per share, compared to a loss of 1.52 billion won, or a loss of 163.01 won per share, in the year-earlier period.
As of March 2, US$1 was equivalent to 1,102.78 South Korean won.
