Ascendio Reports Operating Loss of 10.3 Billion Won Last Year... Continued Deficit

by Lee Changhwan

Published 16 Feb.2024 17:23(KST)

Ascendio announced on the 16th that it continued to incur an operating loss of 10.3 billion KRW last year. The net loss for the period was 24.8 billion KRW.

The company explained that the causes include a decline in sales and profits due to the transition of its main business caused by the downturn in the film industry, delays in development projects, and the division and sale of the solutions business division.