Green Cross LabCell Reports Operating Loss of 3.254 Billion KRW Last Year... Turned to Deficit
[Asia Economy Reporter Oh Ju-yeon] Green Cross LabCell announced on the 6th that its consolidated operating loss last year was 3.254 billion KRW, turning to a deficit compared to the previous year. Sales increased by 14.4% year-on-year to 57.895 billion KRW, and net loss for the period turned to a deficit of 2.233 billion KRW.
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The company explained, "Although sales grew due to the growth of the specimen testing service division, profits decreased due to increased research and development expenses (GMP consignment costs and increased research personnel)."
This content was produced with the assistance of AI translation services.
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