LTC Reports Operating Profit of 4.5 Billion KRW Last Year, Up 21.6% Year-on-Year
[Asia Economy Reporter Han Jinju] LTC announced on the 8th that its operating profit on a consolidated basis last year increased by 21.6% compared to the previous year, reaching 4,513.26 million KRW.
During the same period, sales increased by 3.0% to 94,775.79 million KRW, but net loss for the period turned to 4,330.42 million KRW.
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The company explained, "Operating profit increased due to sales growth and improvement in the profit structure, but net income decreased due to a temporary increase in non-operating expenses such as foreign exchange losses and asset impairments."
This content was produced with the assistance of AI translation services.
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