Jeil Yeonma, Operating Profit of 3.6 Billion KRW Last Year... 47% Decrease Compared to Previous Year
[Asia Economy Reporter Minji Lee] Jeil Grinding announced on the 2nd that its operating profit last year was 3.64333 billion KRW, a 47% decrease compared to the previous year. Net profit recorded 3.7 billion KRW, down 41%, and sales amounted to 73.1 billion KRW, a 9.7% decline.
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The company explained, "There was a decrease in sales and deterioration in profitability due to COVID-19."
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