SEOUL — DL Holdings Co. experienced a significant drop in its fourth-quarter net profit, which decreased by 37.6 percent to 37.5 billion won ($28.2 million).
According to Yonhap News Agency, despite the fall in net profit, DL Holdings saw an increase in operating profit to 77.9 billion won from 26.7 billion won in the same period last year. However, sales during the quarter dropped by 6.2 percent, totaling 1.24 trillion won.
This performance reflects the challenges faced by DL Holdings in maintaining its profitability amidst fluctuating market conditions, even as it managed to increase its operating profit significantly.