Quro Holdings Reports Operating Profit of 2.8 Billion KRW, Up 1033.88% YoY
[Asia Economy Reporter Lee Jung-yoon] Quro Holdings announced on the 4th that its operating profit based on consolidated financial statements last year increased by 1033.88% compared to the previous year, reaching 2,812,362,510 KRW.
Last year's sales amounted to 61,059,901,099 KRW, an increase of 78.81% from the previous year. Net loss for the period decreased by 86.36% compared to last year, amounting to 1,577,945,512 KRW, the company disclosed.
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Quro Holdings explained that this was due to "an increase in sales of Illy coffee and related machines, and the resulting increase in operating profit."
This content was produced with the assistance of AI translation services.
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