Aprogen H&G Reports Operating Loss of 700 Million KRW Last Year, Up 269% YoY

[Asia Economy Reporter Eunmo Koo] Aprogen H&G announced on the 28th that its consolidated operating loss last year widened by 269.5% compared to the previous year, reaching 765.67 million KRW. During the same period, sales increased by 12.7% to 21.9 billion KRW, and net loss turned to a deficit of 9.38669 billion KRW. The company explained, "The cost of game sales and advertising expenses increased," adding, "Losses from fair value measurement of financial assets and disposal losses of equity-method investee stocks occurred."

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