Alteogen Reports Consolidated Operating Loss of 12.6 Billion KRW Last Year... Returns to Deficit

[Asia Economy Reporter Ryu Tae-min] Alteogen announced on the 11th that it recorded an operating loss of 12,632.96 million KRW on a consolidated basis last year, turning to a deficit compared to the previous year. Sales amounted to 41,123.11 million KRW last year, a 3% decrease from the previous year. The company explained that project research and development costs increased significantly and that expenses for pilot production development of subsidiary products continued.

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