Hi Brothers Korea Reports Operating Loss of 8.8 Billion KRW Last Year... Deficit Widens
[Asia Economy Reporter Yoo Byung-don] Huayi Brothers Korea announced on the 12th that its operating loss on a consolidated basis last year widened to 8.8 billion KRW, an increase of 624.41% compared to the previous year, resulting in a larger deficit.
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During the same period, sales increased by 48.72% to 40.6 billion KRW. The company explained, "Sales increased due to drama broadcasts and theatrical screenings from new film investment and distribution, but losses from sales cancellations occurred due to the replacement of lead actors in dramas produced by the company."
This content was produced with the assistance of AI translation services.
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