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ELUON Q1 loss narrows YOY

ELUON Corp. said its first-quarter normalized net income was a loss of 114.67 South Korean won per share, compared with a loss of 191.80 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 1.07 billion won, compared with a loss of 1.70 billion won in the prior-year period.

The normalized profit margin rose to negative 15.7% from negative 34.7% in the year-earlier period.

Total revenue grew 38.9% on an annual basis to 6.78 billion won from 4.88 billion won, and total operating expenses climbed 12.2% year over year to 8.33 billion won from 7.42 billion won.

Reported net income totaled a loss of 1.71 billion won, or a loss of 183.89 won per share, compared to a loss of 2.72 billion won, or a loss of 307.35 won per share, in the prior-year period.

As of May 13, US$1 was equivalent to 1,177.12 South Korean won.