Gyeyang Electric Reports Operating Loss of 200 Million KRW in 1Q... Turned to Deficit YoY

[Asia Economy Reporter Minwoo Lee] Gyeyang Electric announced on the 11th that it posted provisional results for the first quarter of this year with consolidated sales of 89.8 billion KRW and an operating loss of 200 million KRW. Sales decreased by 1.7% compared to the same period last year, and operating profit turned to a loss. Net profit for the period also declined by 4.1% to 1.4 billion KRW during the same period.