SEOUL — In a contrasting quarterly performance, Hybe Co. disclosed a fourth-quarter net loss of 53.6 billion won ($40.3 million).
According to Yonhap News Agency, Despite this loss, the company observed an increase in operating profit during the October-December period, which rose by 75.4 percent from the previous year to 89.3 billion won. Additionally, Hybe's sales experienced a 14.1 percent growth, reaching 608.6 billion won.