CUROHOLDINGS Co. Ltd. said its first-quarter normalized net income came to a loss of 25.73 South Korean won per share, compared with a loss of 23.41 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 980.7 million won, compared with a loss of 522.4 million won in the year-earlier period.
The normalized profit margin rose to negative 17.0% from negative 18.7% in the year-earlier period.
Total revenue rose on an annual basis to 5.75 billion won from 2.80 billion won, and total operating expenses increased 75.3% year over year to 5.79 billion won from 3.30 billion won.
Reported net income totaled a loss of 1.40 billion won, or a loss of 36.64 won per share, compared to a loss of 999.5 million won, or a loss of 44.79 won per share, in the year-earlier period.
As of May 16, US$1 was equivalent to 1,177.43 South Korean won.
