Brain Contents CO. LTD. said its normalized net income for the first quarter was a loss of 13.50 South Korean won per share, compared with a loss of 28.52 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 1.12 billion won, compared with a loss of 1.97 billion won in the year-earlier period.
The normalized profit margin rose to negative 3.5% from negative 14.0% in the year-earlier period.
Total revenue declined 20.0% on an annual basis to 11.25 billion won from 14.06 billion won, and total operating expenses declined 27.4% year over year to 11.83 billion won from 16.30 billion won.
Reported net income totaled a loss of 3.48 billion won, or a loss of 42.00 won per share, compared to a loss of 4.10 billion won, or a loss of 59.33 won per share, in the prior-year period.
As of May 13, US$1 was equivalent to 1,177.12 South Korean won.
