Solueta Reports Operating Profit of 8.1 Billion KRW Last Year... Net Profit Decreases by 356% Due to Foreign Exchange Losses
[Asia Economy Reporter Ji Yeon-jin] Solueta announced on the 12th that its consolidated sales for last year were tentatively recorded at 226.31127 billion KRW, a decrease of 11.71% compared to the previous year, while operating profit increased by 32.14% to 8.16044 billion KRW.
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Net profit for the period decreased by 356.53% to 15.53626 billion KRW. The company explained, "Although sales decreased due to COVID-19, operating profit margin increased by 32.14% thanks to improved operating flow and profit structure," adding, "Operating profit and loss worsened due to foreign exchange losses caused by rapid exchange rate fluctuations."
This content was produced with the assistance of AI translation services.
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