AT Semicon Reports Operating Loss of 7 Billion KRW Last Year... Returns to Deficit

[Asia Economy Reporter Ji Yeon-jin] Semiconductor backend process company AT Semicon announced on the 23rd that its consolidated operating loss last year turned to a deficit of 7 billion KRW compared to the previous year due to exchange rate and raw material cost increases.

Sales increased by 1.1% to 129.4 billion KRW, and net loss for the period expanded by 198.9% to 28.3 billion KRW. The company explained, "The increase in net loss was due to the occurrence of derivative valuation losses, increased interest expenses, and expanded non-operating expenses from recognition of impairment losses."