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Century Co. Ltd. Q1 loss narrows YOY

The Century Co. Ltd. said its first-quarter normalized net income came to a loss of 410.86 South Korean won per share, compared with a loss of 607.50 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 167.5 million won, compared with a loss of 247.6 million won in the prior-year period.

The normalized profit margin rose to negative 12.3% from negative 19.0% in the year-earlier period.

Total revenue rose year over year to 1.36 billion won from 1.30 billion won, and total operating expenses declined on an annual basis to 1.54 billion won from 1.61 billion won.

Reported net income came to a loss of 267.9 million won, or a loss of 657.38 won per share, compared to a loss of 396.1 million won, or a loss of 972.00 won per share, in the year-earlier period.

As of May 13, US$1 was equivalent to 1,177.12 South Korean won.