Korea Electronic Finance Reports Operating Profit of 16.5 Billion KRW Last Year, Down 33.5% from Previous Year
[Asia Economy Reporter Lee Gwan-ju] According to a disclosure on the 6th, Korea Electronic Finance reported a 33.5% decrease in operating profit on a consolidated basis last year, amounting to 16.57777 billion KRW. During the same period, sales revenue decreased by 3.9% to 282.8 billion KRW, and net profit fell by 77.0% to 2.8 billion KRW.
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The company stated, "The decrease in operating profit was due to poor performance of the subsidiary (OKPOS), and the resulting recognition of goodwill impairment losses led to a temporary increase in non-operating expenses, causing profit from continuing operations before income tax expenses and net profit to decline compared to the previous year."
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