Kolon Industries Faces Fourth-Quarter Loss

SEOUL - In a surprising turn of events, Kolon Industries Inc. reported a fourth-quarter net loss of 8 billion won (US$6 million), a stark contrast to the profit of 25.5 billion won seen a year earlier.

According to Yonhap News Agency, The company disclosed in a regulatory filing that, despite the net loss, operating income for the October-December period saw a 5.9 percent increase on-year to 40.9 billion won. However, revenue during the same period fell by 9.8 percent to 1.3 trillion won, marking a challenging quarter for the company.

scroll to top