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YTN Co. Ltd. Q1 loss narrows YOY

YTN Co.Ltd. said its first-quarter normalized net income amounted to a loss of 117.25 South Korean won per share, compared with a loss of 118.13 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 4.92 billion won, compared with a loss of 5.01 billion won in the prior-year period.

The normalized profit margin rose to negative 20.3% from negative 23.3% in the year-earlier period.

Total revenue increased 12.8% year over year to 24.31 billion won from 21.54 billion won, and total operating expenses rose 8.2% from the prior-year period to 31.71 billion won from 29.32 billion won.

Reported net income came to a loss of 2.95 billion won, or a loss of 70.18 won per share, compared to income of 1.61 billion won, or 38.00 won per share, in the prior-year period.

As of May 16, US$1 was equivalent to 1,177.43 South Korean won.