trending Market Intelligence /marketintelligence/en/news-insights/trending/lQuBn0fG0J4Qfve0AtHBgg2 content esgSubNav
In This List

PSMC Co Q1 loss narrows YOY

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Using ESG Analysis to Support a Sustainable Future


PSMC Co Q1 loss narrows YOY

PSMC CO. Ltd said its normalized net income for the first quarter came to a loss of 30.08 South Korean won per share, compared with a loss of 76.21 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 1.16 billion won, compared with a loss of 2.92 billion won in the year-earlier period.

The normalized profit margin climbed to negative 12.4% from negative 18.7% in the year-earlier period.

Total revenue decreased 39.7% on an annual basis to 9.41 billion won from 15.62 billion won, and total operating expenses fell 31.6% on an annual basis to 11.28 billion won from 16.49 billion won.

Reported net income came to a loss of 816.0 million won, or a loss of 21.07 won per share, compared to a loss of 4.54 billion won, or a loss of 118.66 won per share, in the prior-year period.

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