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Daewoo Electronic Components posts Q2 loss

Daewoo Electronic Components Co. Ltd.said its second-quarter normalized net income came to a loss of 177.2 million won.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 1.6%.

Total revenue totaled 11.36 billion won, and total operating expenses totaled 11.17 billion won.

Reported net income came to a loss of 321.5 million won, or a loss of 8.38 won per share.

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