Neofect Reports Operating Loss of 7.57839 Billion KRW Last Year

by Hwang Junho

Published 15 Mar.2022 10:55(KST)

[Asia Economy Reporter Junho Hwang] Neofect announced on the 15th that it recorded an operating loss of 7,578.39 million KRW last year, a 46.6% decrease compared to the previous year. Net loss also decreased by 68.1% compared to the previous year, recording 4,815.02 million KRW. Sales amounted to 23,142.47 million KRW.

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Neofect stated, "Sales increased due to domestic and international business activities," and added, "The figures reflect cost reductions from decreased fixed expenses and valuation gains from asset revaluation."

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