SL Bionics Expresses Commitment to Improvement with 'Unqualified' Audit Opinion and Return to Profitability
[Asia Economy Reporter Jang Hyowon] SL Bionics announced on the 31st that it has submitted an audit report with an 'unqualified' opinion on its financial statements and consolidated financial statements for the previous year.
On the 22nd, the company had disclosed a delay in submitting the audit report due to delayed acquisition of audit evidence, but through the disclosure on the 30th, it completed the submission of the audit report with an unqualified opinion, alleviating market concerns about delisting.
SL Bionics recently completed the acquisition of a production site in Yongin worth 41.8 billion KRW and plans to actively pursue a turnaround to operating profit through business restructuring, including proceeding with the acquisition process of Woosung Industry.
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An SL Bionics official stated, "The acquisition process of Woosung Industry, an eco-friendly petroleum company recognized as a new growth engine, is progressing smoothly to improve the profit structure," adding, "We will prioritize performance recovery and securing financial soundness to escape designation as a management item."
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