Fineb Steel Reports Operating Loss of 2.573 Billion KRW Last Year, Turning to Deficit
[Asia Economy Reporter Kang Nahum] Fine Besteel announced on the 16th that it recorded an operating loss of 2.573 billion won last year, turning to a deficit.
Last year's sales amounted to approximately 134.7 billion won, down 7.1% compared to the previous year. During the same period, the net loss was about 7.2 billion won, also turning to a deficit.
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The company explained, "The sales unit price declined, reducing overall sales revenue, and operating profit decreased due to increased manufacturing costs caused by reduced sales and production volume."
This content was produced with the assistance of AI translation services.
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