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Dayli BlockChain Q1 loss narrows YOY

DAYLI BlockChain Co.LTD. said its first-quarter normalized net income came to a loss of 12.13 South Korean won per share, compared with a loss of 21.62 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 188.5 million won, compared with a loss of 314.7 million won in the prior-year period.

The normalized profit margin rose to negative 2.1% from negative 3.6% in the year-earlier period.

Total revenue decreased year over year to 8.69 billion won from 8.79 billion won, and total operating expenses declined year over year to 9.00 billion won from 9.42 billion won.

Reported net income totaled a loss of 218.0 million won, or a loss of 14.03 won per share, compared to a loss of 401.2 million won, or a loss of 27.57 won per share, in the prior-year period.

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