WFm, Reason for Designation as a Management Item Occurs
[Asia Economy Reporter Minyoung Kim] WFM announced on the 24th that it incurred pre-tax continuing operations losses exceeding 50% of equity in 2 out of the last 3 fiscal years. The company's estimated pre-tax continuing operations loss ratio for last year was 1374.6%.
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On the same day, the KOSDAQ Market Headquarters also stated regarding WFM, "If it is confirmed in the 2019 audit report that pre-tax continuing operations losses exceeding 50% of equity occurred in 2 out of the last 3 fiscal years, the company may be designated as a management item under Article 28 of the KOSDAQ Market Listing Regulations."
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