Ace Technologies corp. said its first-quarter normalized net income came to a loss of 60.96 South Korean won per share, compared with 16.30 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 1.54 billion won, compared with income of 371.9 million won in the year-earlier period.
The normalized profit margin dropped to negative 1.6% from 0.4% in the year-earlier period.
Total revenue climbed on an annual basis to 99.06 billion won from 97.88 billion won, and total operating expenses increased on an annual basis to 97.31 billion won from 94.28 billion won.
Reported net income came to a loss of 2.39 billion won, or a loss of 94.69 won per share, compared to a loss of 74.4 million won, or a loss of 3.26 won per share, in the year-earlier period.
As of May 16, US$1 was equivalent to 1,177.43 South Korean won.
