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WFM Inc. posts Q2 loss

WFM Inc. said its normalized net income for the second quarter amounted to a loss of 395.8 million won.

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

The normalized profit margin was 1.3%.

Total revenue totaled 4.86 billion won, and total operating expenses totaled 5.09 billion won.

Reported net income totaled a loss of 732.5 million won, or a loss of 101.90 won per share.

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