Bucket Studio Co. Ltd. said its normalized net income for the first quarter amounted to a loss of 3.74 South Korean won per share, compared with 5.33 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 230.5 million won, compared with income of 328.6 million won in the year-earlier period.
The normalized profit margin declined to negative 4.3% from 4.3% in the year-earlier period.
Total revenue decreased 24.1% on an annual basis to 5.78 billion won from 7.60 billion won, and total operating expenses decreased 13.5% year over year to 6.14 billion won from 7.10 billion won.
Reported net income came to a loss of 394.2 million won, or a loss of 6.39 won per share, compared to income of 542.8 million won, or 8.80 won per share, in the year-earlier period.
As of May 13, US$1 was equivalent to 1,177.12 South Korean won.
