Barun Electronics Reports Operating Loss of 14.4 Billion KRW Last Year... Continued Deficit
[Asia Economy Reporter Minji Lee] Barun Electronics announced on the 27th that it recorded an operating loss of 14,450.36 million KRW last year, continuing its deficit status. Sales amounted to 39,408.19 million KRW, a 57% decrease compared to the same period. The net loss for the period was 12,537.64 million KRW.
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The company explained, "The significant factor was the downgrade in credit rating due to accumulated deficits," adding, "The contraction of the business environment caused by a shortage of working capital and the deterioration of profitability due to increased cost ratios also had an impact."
This content was produced with the assistance of AI translation services.
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