SBS Media Holdings Co. Ltd. said its first-quarter normalized net income came to a loss of 7.19 South Korean won per share, compared with 9.06 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 1.01 billion won, compared with income of 1.26 billion won in the prior-year period.
The normalized profit margin declined to negative 0.9% from 1.3% in the year-earlier period.
Total revenue climbed 18.1% on an annual basis to 116.86 billion won from 98.96 billion won, and total operating expenses grew 19.7% on an annual basis to 115.46 billion won from 96.50 billion won.
Reported net income came to a loss of 3.45 billion won, or a loss of 24.67 won per share, compared to a loss of 402.4 million won, or a loss of 2.89 won per share, in the year-earlier period.
As of May 16, US$1 was equivalent to 1,177.43 South Korean won.
