InnoX Advanced Materials, Dollar Exchange Rate Decline... Net Profit Down 25%
[Asia Economy Reporter Ji Yeon-jin] InnoX Advanced Materials reported that its sales revenue last year was 336.25763 billion KRW, a 3.7% decrease compared to the previous year, on the 27th.
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During this period, operating profit decreased by 6.3% to 43.57419 billion KRW, and net profit for the period declined by 25.6% to 25.69282 billion KRW. The company stated, "Net profit decreased due to sales decline and foreign exchange losses caused by the depreciation of the US dollar exchange rate in the second half of the year."
This content was produced with the assistance of AI translation services.
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