Kukje Yakpum Reports Operating Loss of 1.6759 Billion Won Last Year, Turning to Deficit
[Asia Economy Reporter Myung-hwan Lee] Kukje Pharm announced on the 9th that it recorded an operating loss of 1,675.9 million KRW last year, turning to a deficit. During the same period, sales amounted to 119,745.57 million KRW, a decrease of 8.17% compared to the same period last year. Net profit also turned to a loss, with a deficit of 1,555.79 million KRW.
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Kukje Pharm explained the reason for the deficit turnaround as "a decrease in mask sales due to oversupply in the mask market and an increase in inventory asset valuation losses related to Medimask and COVID-19 related products."
This content was produced with the assistance of AI translation services.
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