[Featured Stock] CJ ENM Falls 11% on 1Q Earnings Slump... Drops to 11th in KOSDAQ Market Cap
[Asia Economy Reporter Lee Jung-yoon] CJ ENM is plummeting due to poor performance in the first quarter of this year.
As of 2:13 PM on the 12th, CJ ENM is trading at 106,000 KRW, down 10.77% from the previous day. At one point on the same day, CJ ENM fell to 105,100 KRW, marking a 52-week low. Additionally, it dropped from 10th to 11th place in the KOSDAQ market capitalization rankings.
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The day before, CJ ENM announced that its operating profit for the first quarter of this year was preliminarily estimated at 49.6 billion KRW, a 47% decrease compared to the same period last year. Sales increased by 20.9% to 957.3 billion KRW, while net profit for the period decreased by 98% to 1.588 billion KRW.
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