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Jayjun Q2 loss widens 33.1% YOY

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Jayjun Q2 loss widens 33.1% YOY

Jayjun Cosmetic Co. Ltd. said its normalized net income for the second quarter came to a loss of 2.53 billion won, compared with a loss of 1.90 billion won in the year-earlier period.

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

The normalized profit margin rose to negative 122.3% from negative 227.2% in the year-earlier period.

Total revenue climbed on an annual basis to 2.07 billion won from 837.2 million won, and total operating expenses increased 50.8% from the prior-year period to 5.83 billion won from 3.87 billion won.

Reported net income came to a loss of 3.27 billion won, or a loss of 342.01 won per share, compared to a loss of 4.48 billion won in the year-earlier period.

As of Aug. 29, US$1 was equivalent to 1,122.62 South Korean won.