Kangwon Land's Operating Loss Last Year 52.7 Billion KRW... Deficit Narrowed Compared to Previous Year
[Asia Economy Reporter Yoo Byung-don] Kangwon Land announced on the 10th that its consolidated operating loss for last year was 52.7 billion KRW, a decrease in the deficit compared to the previous year (431.6 billion KRW), according to a preliminary report.
Sales increased by 64.7% year-on-year to 788.4 billion KRW. Net loss narrowed to 10.6 billion KRW.
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The operating loss for the fourth quarter was 20.1 billion KRW, a reduction in the deficit compared to the same period last year (76.1 billion KRW). Sales and net loss for the same quarter were 242.1 billion KRW and 11.0 billion KRW, respectively.
This content was produced with the assistance of AI translation services.
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