Amotech Reports Operating Loss of 4.6 Billion KRW Last Year... Turns to Deficit

[Asia Economy Reporter Minji Lee] Amotech announced on the 19th that it recorded an operating loss of 4.65353 billion KRW last year, turning to a deficit. The net loss also turned to a deficit, recording 14.8 billion KRW, and sales decreased by 9.9% to 223.8 billion KRW.

The company stated, "Sales and profits decreased due to reduced demand for some mobile phone parts caused by the impact of COVID-19 and investments in new businesses."