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Bio Nicsgene posts Q1 loss

Hanryu A.I. Center Co.Ltd. said its normalized net income for the first quarter came to a loss of 1.62 billion won.

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

The normalized profit margin was 83.6%.

Total revenue totaled 1.94 billion won, and total operating expenses totaled 3.16 billion won.

Reported net income came to a loss of 2.60 billion won, or a loss of 183.00 won per share.

As of May 18, US$1 was equivalent to 1,186.55 South Korean won.