KONEX, 45 December Fiscal Year-End Corporations Posted Losses Last Year

[Asia Economy Reporter Song Hwajeong] It has been revealed that about half of the KONEX-listed companies recorded losses last year.

According to the Korea Exchange on the 1st, among 144 KONEX companies with December fiscal year-end, the combined sales of 96 companies with comparable individual/separate financial statements based on audit report reviews amounted to 2.6617 trillion KRW last year, showing a 2.8% increase compared to the previous year. On the other hand, operating profit was only 33.9 billion KRW, down 61%, and a net loss of 72.6 billion KRW was recorded, turning to a deficit. The debt ratio rose by 17.5 percentage points to 146.6%.

By industry, IT, manufacturing, and bio sectors accounted for 86.5% of the analyzed companies. Among them, 27 IT-related companies recorded sales of 547 billion KRW, similar to last year, but operating profit decreased by 60.1% to 5.6 billion KRW. Net profit continued to be in the red. The 35 manufacturing companies recorded sales of 1.1736 trillion KRW, down 2.2% from last year, operating profit decreased by 34.2% to 48.5 billion KRW, and net profit turned to a loss. The 21 bio companies recorded sales of 165 billion KRW, up 4.7%, but operating loss of 32.8 billion KRW and net loss of 38.1 billion KRW continued, maintaining deficits.

Among the 96 analyzed companies, 51 recorded profits, and 45 recorded losses. Among these, 13 companies turned to profit, while 24 companies turned to losses.

Based on consolidated financial statements, the combined sales of 20 analyzed companies last year amounted to 876.4 billion KRW, a 15% increase, and operating profit increased by 223.8% to 9.8 billion KRW. Net loss was 3.9 billion KRW, narrowing the deficit compared to the previous year. Among the 20 companies, 13 recorded net profits, and 7 recorded losses.