Hyundai Electric 2019 4Q Operating Loss of 40 Billion KRW... Turned to Deficit Compared to Previous Year
[Asia Economy Reporter Minwoo Lee] Hyundai Electric announced its preliminary earnings on the 5th, reporting consolidated sales of 562.3 billion KRW and an operating loss of 40 billion KRW for the fourth quarter of last year. Compared to the same period last year, sales decreased by 0.1%, and operating profit turned into a loss from 3.1 billion KRW.
Hot Picks Today
"Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- Trump Puts Iran Strike on Hold One Day Before Attack... "Full-Scale Offensive If Talks Fail"
- Samsung Union Member Sparks Controversy With Telegram Post: "Let's Push KOSPI Down to 5,000"
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
During the same period, the net loss was 154.5 billion KRW, showing a 64.5% increase in the loss compared to the same period last year.
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
