Iruda's Operating Profit Reaches 3.5 Billion KRW Last Year, Up 1.9% Year-on-Year
[Asia Economy Reporter Minji Lee] Iruda announced on the 2nd that its operating profit last year increased by 1.9% compared to the previous year, reaching 3,585.09 million KRW. Sales decreased by 1.7% to 21 billion KRW, while net profit grew by 59% to 4,672.28 million KRW.
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The company explained, "Sales slightly declined due to export countries imposing lockdown measures amid the COVID-19 pandemic," and added, "Deferred tax assets increased by 390% compared to the same period last year, resulting in a significant reduction in corporate tax expenses compared to the previous period, which led to an increase in net profit."
This content was produced with the assistance of AI translation services.
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