Sincetimes Co. Ltd. said its third-quarter normalized net income amounted to a loss of 49.06 South Korean won per share, compared with 33.55 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 498.1 million won, compared with income of 340.5 million won in the year-earlier period.
The normalized profit margin fell to negative 14.0% from 7.4% in the year-earlier period.
Total revenue declined 22.9% on an annual basis to 3.55 billion won from 4.60 billion won, and total operating expenses declined 13.9% from the prior-year period to 4.29 billion won from 4.99 billion won.
Reported net income came to a loss of 796.8 million won, or a loss of 78.48 won per share, compared to income of 156.3 million won, or 15.40 won per share, in the year-earlier period.
As of Nov. 16, US$1 was equivalent to 1,172.80 South Korean won.