DL Holdings Reports Net Loss in 2023 After Previous Year’s Profit

SEOUL — DL Holdings Co. has reported a substantial shift in its financial performance for the year 2023, recording a net loss of 126.9 billion won ($95.6 million). This represents a significant turnaround from the 101.8 billion won profit reported a year earlier.

According to Yonhap News Agency, there was a 47.2 percent decrease in operating profit, which fell to 151.9 billion won, with annual revenue also decreasing by 3 percent to 5.01 trillion won.

This transition to a net loss highlights the financial hurdles DL Holdings faced over the year, impacting its profitability and overall revenue, despite efforts to navigate through economic pressures.

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