Lumimicro Co. Ltd said its first-quarter normalized net income came to a loss of 4.83 South Korean won per share, compared with a loss of 41.30 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 183.4 million won, compared with a loss of 1.56 billion won in the prior-year period.
The normalized profit margin increased to negative 1.1% from negative 8.9% in the year-earlier period.
Total revenue fell 5.1% on an annual basis to 16.70 billion won from 17.59 billion won, and total operating expenses decreased 16.2% from the prior-year period to 16.69 billion won from 19.91 billion won.
Reported net income came to 62.0 million won, or 1.63 won per share, compared to a loss of 2.50 billion won, or a loss of 66.01 won per share, in the prior-year period.
As of May 13, US$1 was equivalent to 1,177.12 South Korean won.
