Korea Gas Experiences Fourth-Quarter Loss

Daegu - In a continuation of its financial struggles, Korea Gas Corp. announced a fourth-quarter net loss of 657.3 billion won ($493.8 million), diverging from a profit of 887.7 billion won in the same quarter of the previous year. The company's operating income for the October-December period plummeted by 52.6 percent to 529.6 billion won, with sales witnessing a 41.6 percent decline to 10.6 trillion won.

According to Yonhap News Agency, these results underscore the ongoing financial difficulties faced by Korea Gas Corp., highlighting a significant downturn in its quarterly performance.

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