Daewoo Shipbuilding & Marine Engineering Reports 62.8 Billion KRW Operating Loss in 1Q... Narrowed Deficit Margin
Daewoo Shipbuilding & Marine Engineering announced on the 15th that it recorded an operating loss of 62.8 billion KRW in the first quarter of this year.
Sales increased by 15.6% year-on-year to 1.4398 trillion KRW, and net profit was 120.4 billion KRW, showing a net loss.
Daewoo Shipbuilding & Marine Engineering stated that the main cause of the first-quarter loss was an operating loss of approximately 60 billion KRW due to increased planned costs such as rising outsourcing expenses.
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However, compared to the first quarter of last year (operating loss of 470.1 billion KRW and net loss of 491.8 billion KRW), the deficit has narrowed.
This content was produced with the assistance of AI translation services.
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