LTC Reports Operating Profit of 4.5 Billion KRW Last Year, Up 21.6% Year-on-Year

[Asia Economy Reporter Han Jinju] LTC announced on the 8th that its operating profit on a consolidated basis last year increased by 21.6% compared to the previous year, reaching 4,513.26 million KRW.

During the same period, sales increased by 3.0% to 94,775.79 million KRW, but net loss for the period turned to 4,330.42 million KRW.

The company explained, "Operating profit increased due to sales growth and improvement in the profit structure, but net income decreased due to a temporary increase in non-operating expenses such as foreign exchange losses and asset impairments."