SH Energy Chemical Reports 3.1 Billion KRW Operating Loss Last Year, 'Turned to Deficit'

[Asia Economy Reporter Park Jihwan] SH Energy Chemical announced on the 17th that it recorded an operating loss of 3.1 billion KRW last year, turning to a deficit.

Sales also decreased by 23.3% compared to the previous year, reaching 140.9 billion KRW.

An SH Energy Chemical official stated, "Sales decline and profit deterioration occurred due to the downturn in the construction market," adding, "Operational losses also occurred due to production stoppages during the facility investment period for new product development."