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Sajodongaone Q3 loss widens YOY

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Sajodongaone Q3 loss widens YOY

Sajodongaone Co. Ltd. said its third-quarter normalized net income amounted to a loss of 153.98 South Korean won per share, compared with a loss of 65.01 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 9.87 billion won, compared with a loss of 3.95 billion won in the prior-year period.

The normalized profit margin dropped to negative 7.3% from negative 3.0% in the year-earlier period.

Total revenue climbed on an annual basis to 132.14 billion won from 130.79 billion won, and total operating expenses increased 6.9% year over year to 135.24 billion won from 126.45 billion won.

Reported net income totaled a loss of 21.02 billion won, or a loss of 327.82 won per share, compared to a loss of 4.38 billion won, or a loss of 72.09 won per share, in the prior-year period.

As of Nov. 16, US$1 was equivalent to 1,172.80 South Korean won.