Able C&C Operating Loss of 15 Billion Won...Widening Deficit Margin
[Asia Economy Reporter Yujin Cho] Able C&C announced on the 16th that its consolidated operating loss for the third quarter of this year widened to 15 billion KRW compared to 8 billion KRW in the same period last year.
During the same period, sales decreased by 29% to 67 billion KRW, and net loss continued at 15.4 billion KRW.
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An Able C&C official explained, "The deterioration in this performance was mainly due to the impact on offline and overseas market sales caused by the novel coronavirus infection (COVID-19)."
This content was produced with the assistance of AI translation services.
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