Seojin Automotive Reports Operating Profit of 6.7 Billion KRW Last Year, Up 27% Year-on-Year
[Asia Economy Reporter Minji Lee] Seojin Automotive announced on the 2nd that its operating profit last year reached 6.72268 billion KRW, a 27% increase compared to the previous year. Sales grew by 5% to 1.5062 trillion KRW, while net loss amounted to 9.5 billion KRW.
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The company explained, "Although we disclosed a decrease in operating profit due to intensified competition within the industry for our consolidated subsidiary Ecoplastic, increased non-operating factors caused by COVID-19, and fixed cost burdens, excluding net profit, there was an increase compared to the previous year due to profit improvement effects."
This content was produced with the assistance of AI translation services.
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