Seoul: TKG Huchems Co. on Friday reported its first-quarter net income of 14 billion won (US$10 million), marking a 54 percent decrease from the previous year.
According to Yonhap News Agency, the company announced in a regulatory filing that its operating profit for the quarter stood at 12.6 billion won, a significant drop from 31.5 billion won reported a year earlier. Additionally, TKG Huchems experienced a 10.5 percent decline in revenue, which fell to 269.3 billion won.