trending Market Intelligence /marketintelligence/en/news-insights/trending/lw4q_MsRj27I--nK-whQVA2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Ssangyong Motor Q2 loss narrows YOY


Episode 14: A Quantum of Technology

Gender Parity within German Banks


Deal Trends in Latin America, Issue 13


Capital Markets View April 2021

Ssangyong Motor Q2 loss narrows YOY

Ssangyong Motor Co. said its normalized net income for the second quarter was a loss of 106.07 South Korean won per share, compared with a loss of 133.01 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 14.56 billion won, compared with a loss of 18.28 billion won in the prior-year period.

The normalized profit margin increased to negative 1.7% from negative 2.1% in the year-earlier period.

Total revenue declined year over year to 835.51 billion won from 865.78 billion won, and total operating expenses decreased from the prior-year period to 855.40 billion won from 881.45 billion won.

Reported net income came to a loss of 22.70 billion won, or a loss of 165.44 won per share, compared to a loss of 29.20 billion won, or a loss of 212.48 won per share, in the prior-year period.

As of Aug. 17, US$1 was equivalent to 1,183.06 South Korean won.