GC Green Cross, 1Q Turns to Deficit... Sales Also Down 16% YoY

by Lee Myeonghwan

Published 02 May.2023 16:36(KST)

Sales of 349.5 Billion KRW · Operating Loss of 13.6 Billion KRW

GC Green Cross headquarters exterior. [Photo by GC Green Cross]

GC Green Cross announced on the 2nd that its consolidated operating loss for the first quarter of this year was preliminarily estimated at 13.6 billion KRW. This marks a turnaround to a loss compared to the same period last year.

During the same period, sales amounted to 349.5 billion KRW, down 16.2% from the previous year. The net loss for the period was 22.1 billion KRW, also turning to a loss compared to the same period last year.