trending Market Intelligence /marketintelligence/en/news-insights/trending/q6aEiAMCwI1r8VczehKe1Q2 content esgSubNav
In This List

RBK EMD Q1 loss narrows YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


RBK EMD Q1 loss narrows YOY

G2HYSONIC Co. Ltd. said its normalized net income for the first quarter came to a loss of 8.27 South Korean won per share, compared with a loss of 8.54 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 468.3 million won, compared with a loss of 681.3 million won in the prior-year period.

The normalized profit margin dropped to negative 5.6% from negative 5.0% in the year-earlier period.

Total revenue declined 38.6% year over year to 8.38 billion won from 13.65 billion won, and total operating expenses decreased 40.0% from the prior-year period to 8.86 billion won from 14.76 billion won.

Reported net income totaled a loss of 525.7 million won, or a loss of 9.28 won per share, compared to a loss of 1.11 billion won, or a loss of 13.91 won per share, in the prior-year period.

As of April 26, US$1 was equivalent to 1,147.99 South Korean won.