SL Bionics, in Trading Suspension Notice, States "Will Do Our Best to Generate Profits Through Business Diversification"
[Asia Economy Reporter Jang Hyowon] SL Bionics announced on the 14th that the temporary suspension of stock trading disclosed on the 11th was caused by a tax surcharge arising from a regular tax audit in 2016, and that it will do its best to generate profits through business diversification in the future.
SL Bionics' stock trading was suspended from 4:34 PM until the market close on the 11th due to concerns over designation as a management item caused by operating losses for four consecutive business years.
The operating loss this time is mainly due to the payment of a tax surcharge of 4.73 billion KRW resulting from the regular tax audit in 2016.
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An SL Bionics official stated, “We expect profitability recovery to be possible through increased sales in the UVC LED sector in the future,” and added, “We will do our best not only in the LED sector but also in business diversification to generate profits and maximize shareholder value.”
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