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Barunson fiscal Q2 loss narrows YOY

Barunson Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to a loss of 94.79 South Korean won per share, compared with a loss of 112.48 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 1.01 billion won, compared with a loss of 1.04 billion won in the prior-year period.

The normalized profit margin increased to 1.4% from negative 10.2% in the year-earlier period.

Total revenue declined year over year to 9.70 billion won from 10.18 billion won, and total operating expenses fell 7.1% from the prior-year period to 11.17 billion won from 12.03 billion won.

Reported net income totaled a loss of 1.68 billion won, or a loss of 158.24 won per share, compared to a loss of 1.48 billion won, or a loss of 160.18 won per share, in the prior-year period.

As of Dec. 1, US$1 was equivalent to 1,109.60 South Korean won.