Total Soft Bank Ltd. said its first-quarter normalized net income was a loss of 13.39 South Korean won per share, compared with a loss of 44.38 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 114.6 million won, compared with a loss of 379.8 million won in the year-earlier period.
The normalized profit margin increased to negative 6.5% from negative 28.0% in the year-earlier period.
Total revenue grew 29.4% year over year to 1.76 billion won from 1.36 billion won, and total operating expenses decreased year over year to 1.89 billion won from 1.93 billion won.
Reported net income totaled a loss of 183.3 million won, or a loss of 21.42 won per share, compared to a loss of 607.7 million won, or a loss of 71.00 won per share, in the prior-year period.
As of May 13, US$1 was equivalent to 1,177.12 South Korean won.
