Yuhan Yanghaeng Reports Operating Profit of 48.6 Billion KRW Last Year, Down 42.3% YoY
[Asia Economy Reporter Koo Eun-mo] Yuhan Corporation announced on the 16th that its consolidated operating profit for last year was 48.6 billion KRW, a 42.3% decrease compared to the previous year. During the same period, sales increased by 4.2% to 1.6878 trillion KRW, while net profit decreased by 47.9% to 99.1 billion KRW.
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Yuhan Corporation cited increased sales from the parent company and subsidiaries as the main reason for the sales growth. The decline in profit was attributed to reduced revenue from technology export income and the gain from the sale of the Gunpo factory site.
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