Seoul: Kolon Industries Inc. on Friday reported its fourth-quarter net loss of 8.3 billion won (US$5.7 million), turning from a profit of 50.7 billion won a year earlier.
According to Yonhap News Agency, the company disclosed in a regulatory filing that it posted 9.8 billion won in operating profit for the quarter, compared with 35.8 billion won a year ago. Additionally, sales experienced a decline of 7.4 percent, amounting to 1.2 trillion won.