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Taihan Textile Q4 loss widens YOY

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Taihan Textile Q4 loss widens YOY

4915897 said its normalized net income for the fourth quarter was a loss of 1,230.13 South Korean won per share, compared with a loss of 397.75 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 6.52 billion won, compared with a loss of 2.11 billion won in the year-earlier period.

The normalized profit margin fell to negative 10.9% from negative 3.4% in the year-earlier period.

Total revenue fell year over year to 60.03 billion won from 61.68 billion won, and total operating expenses fell year over year to 60.20 billion won from 62.05 billion won.

Reported net income totaled a loss of 4.23 billion won, or a loss of 797.20 won per share, compared to a loss of 3.13 billion won, or a loss of 590.65 won per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 1,113.03 won per share, compared with a loss of 914.46 won per share in the prior year.

Normalized net income was a loss of 5.90 billion won, compared with a loss of 4.85 billion won in the prior year.

Full-year total revenue totaled 245.58 billion won, compared with 244.39 billion won in the prior year, and total operating expenses grew year over year to 244.38 billion won from 240.10 billion won.

he company said reported net income totaled a loss of 4.08 billion w Taihan Textile Co. Ltd.