Hanssem Posts Fourth Quarter Loss Amidst Revenue Increase

SEOUL - In its latest financial update, Hanssem Co. reported a fourth-quarter net loss of 34.1 billion won ($25.7 million), persisting in its unprofitable streak.

According to Yonhap News Agency, the regulatory filing revealed an operating profit of 11.5 billion won for the October-December period, a significant improvement from the 20.3 billion won loss recorded a year earlier. Additionally, Hanssem experienced a marginal revenue growth of 0.9 percent, reaching 502 billion won. This report highlights the company's financial dynamics as it navigates through the final quarter of 2023, attempting to offset its losses with operational gains.

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