Ace Bed Posts 12.1 Billion KRW Operating Profit in Q1, Down 18% Year-on-Year
Sales Down 2.8% to 81.4 Billion KRW
"Prolonged Deterioration of Business Environment... Efforts to Strengthen Fundamentals"
Ace Bed announced on May 14 that it recorded sales of 81.4 billion KRW and an operating profit of 12.1 billion KRW in the first quarter of this year.
Compared to the same period last year, sales decreased by 2.8%, and operating profit fell by 18.3%.
Net profit for the quarter declined by 31.7%, dropping from 13.9 billion KRW to 9.5 billion KRW during the same period.
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Ace Bed stated, "We believe that the deterioration of the global economy and the domestic economic downturn will continue to significantly worsen the business environment," adding, "We are making efforts to strengthen our business fundamentals."
This content was produced with the assistance of AI translation services.
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