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Cuchen posts Q2 loss

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According to Market Intelligence, December 2022

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Cuchen posts Q2 loss

Cuchen Co. Ltd. said its normalized net income for the second quarter came to a loss of 28.2 million won.

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

The normalized profit margin was 0.0%.

Total revenue came to 63.74 billion won, and total operating expenses came to 63.79 billion won.

Reported net income came to a loss of 962.9 million won, or a loss of 90.15 won per share.

As of July 29, US$1 was equivalent to 1,112.34 South Korean won.