KR Motors Co. Ltd. said its normalized net income for the first quarter amounted to a loss of 20.77 South Korean won per share, compared with a loss of 30.00 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 2.43 billion won, compared with a loss of 2.31 billion won in the year-earlier period.
The normalized profit margin rose to negative 12.4% from negative 14.0% in the year-earlier period.
Total revenue grew 18.4% year over year to 19.50 billion won from 16.47 billion won, and total operating expenses climbed 11.8% year over year to 22.67 billion won from 20.28 billion won.
Reported net income totaled a loss of 3.88 billion won, or a loss of 33.18 won per share, compared to a loss of 5.27 billion won, or a loss of 68.57 won per share, in the prior-year period.
As of May 12, US$1 was equivalent to 1,096.30 South Korean won.
