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Haimarrow Food posts Q3 loss

Haimarrow Food Service Co. Ltd. said its third-quarter normalized net income was a loss of 1.93 billion won.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 3.7%.

Total revenue came to 51.98 billion won, and total operating expenses came to 50.30 billion won.

Reported net income came to a loss of 3.48 billion won, or a loss of 39.75 won per share.

As of Nov. 29, US$1 was equivalent to 1,170.26 South Korean won.