Seoul: NHN Corp., a South Korean information technology and game company, announced on Tuesday a net loss of 238 million won (US$167,984) for the first quarter, marking a continued period in the red compared to the previous year.

According to Yonhap News Agency, despite the net loss, NHN Corp. reported a slight improvement in operating profit for the January-March period, reaching 27.6 billion won, which is an increase of 1.3 percent from the same period a year ago. However, the company's sales experienced a slight decline, falling by 0.7 percent to 600.1 billion won.