Dong-A ST, Last Year's Sales 590.1 Billion KRW... Operating Profit Down 54.5%

[Asia Economy Reporter Chunhee Lee] Dong-A ST recorded a slight increase in cumulative sales last year, reaching 590.1 billion KRW. However, operating profit decreased by 54.5% compared to the previous year, and net profit also fell by 85.9%.

Dong-A ST announced on the 8th that its provisional operating results for the fourth quarter of last year showed sales of 149.933 billion KRW and an operating loss of 4.861 billion KRW. Sales increased by 16.9% compared to the same period last year. Although an operating profit turnaround was initially expected, the company remained in the red. However, the loss was significantly reduced compared to the 16.254 billion KRW loss in the same period last year, which is analyzed to be influenced by the fact that research and development (R&D) expenses are traditionally incurred in the fourth quarter. The net loss was 15.177 billion KRW, larger than the 14.449 billion KRW loss in the same period last year.

The cumulative sales for last year recorded 590.124 billion KRW, a 0.6% increase compared to the previous year (586.577 billion KRW). However, operating profit and net profit were 15.492 billion KRW and 3.894 billion KRW, respectively, decreasing by 54.5% and 85.9% compared to the previous year.

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