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Catea Q1 loss widens YOY

WINERGYS.Co.Ltd. said its normalized net income for the first quarter came to a loss of 52.01 South Korean won per share, compared with a loss of 9.55 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 1.27 billion won, compared with a loss of 291.9 million won in the prior-year period.

The normalized profit margin increased to negative 8.2% from negative 10.9% in the year-earlier period.

Total revenue climbed year over year to 5.62 billion won from 2.69 billion won, and total operating expenses climbed 81.5% year over year to 6.60 billion won from 3.64 billion won.

Reported net income totaled a loss of 2.15 billion won, or a loss of 87.76 won per share, compared to a loss of 540.3 million won, or a loss of 17.68 won per share, in the prior-year period.

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