Paradise Reports Operating Loss of 86.3 Billion KRW Last Year... Switched to Deficit

[Asia Economy Reporter Hwang Yoon-joo] Paradise announced on the 25th that its consolidated operating loss for last year was 86.3 billion KRW, turning to a deficit compared to the previous year (operating profit of 51.9 billion KRW).

Sales decreased by 53.6% year-on-year to 454.4 billion KRW, and net loss turned to 158.8 billion KRW.

Operating loss in the fourth quarter of last year was 15.6 billion KRW, turning to a deficit compared to the same period last year (operating profit of 12.4 billion KRW). Sales and net loss were 104.6 billion KRW and 72.5 billion KRW, respectively.