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Zero To Seven Q2 loss narrows YOY

Zero To Seven Inc. its normalized net income for the second quarter came to a loss of 47.21 South Korean won per share, compared with a loss of 99.70 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 580.2 million won, compared with a loss of 1.15 billion won in the year-earlier period.

The normalized profit margin increased to negative 0.9% from negative 2.0% in the year-earlier period.

Total revenue climbed 8.6% on an annual basis to 60.90 billion won from 56.07 billion won, and total operating expenses climbed 6.3% on an annual basis to 61.41 billion won from 57.77 billion won.

Reported net income totaled a loss of 788.6 million won, or a loss of 64.17 won per share, compared to a loss of 1.46 billion won, or a loss of 126.24 won per share, in the year-earlier period.

As of Aug. 17, US$1 was equivalent to 1,183.06 South Korean won.