Seoul: OCI Holdings Co. on Monday reported its 2024 net income of 113.8 billion won (US$78.4 million), down 84 percent from a year earlier. The company revealed this significant decrease in a recent regulatory filing.
According to Yonhap News Agency, the company’s operating profit for the year was 101.5 billion won, a stark contrast to the 531.2 billion won reported the previous year. Despite the decline in net income and operating profit, OCI Holdings experienced a 35 percent increase in annual sales, reaching 3.57 trillion won.