Yangjisa Reports Operating Loss of 1.82206 Billion KRW... Turns to Deficit
[Asia Economy Reporter Lee Gwan-ju] Yangji Corporation announced on the 4th that it recorded an operating loss of 1,822.06 million KRW for the current fiscal year based on individual financial statements, turning to a deficit compared to the previous fiscal year. Sales decreased by 9.1% to 44,398.50 million KRW.
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The company explained, "Operating profit decreased due to a decline in exports caused by the impact of COVID-19, and net profit for the current period decreased compared to the previous period due to the sale of investment real estate in the previous period."
This content was produced with the assistance of AI translation services.
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