Daegu Department Store Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to a loss of 82.46 South Korean won per share, compared with a loss of 74.70 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 671.7 million won, compared with a loss of 670.7 million won in the year-earlier period.
The normalized profit margin declined to negative 2.0% from negative 1.7% in the year-earlier period.
Total revenue decreased on an annual basis to 38.82 billion won from 40.63 billion won, and total operating expenses rose 5.5% on an annual basis to 40.64 billion won from 38.51 billion won.
Reported net income came to a loss of 581.9 million won, or a loss of 71.44 won per share, compared to income of 377.1 million won, or 42.00 won per share, in the year-earlier period.
As of Nov. 26, US$1 was equivalent to 1,105.18 South Korean won.
