Solueta Reports Operating Profit of 8.1 Billion KRW Last Year... Net Profit Decreases by 356% Due to Foreign Exchange Losses

[Asia Economy Reporter Ji Yeon-jin] Solueta announced on the 12th that its consolidated sales for last year were tentatively recorded at 226.31127 billion KRW, a decrease of 11.71% compared to the previous year, while operating profit increased by 32.14% to 8.16044 billion KRW.

Net profit for the period decreased by 356.53% to 15.53626 billion KRW. The company explained, "Although sales decreased due to COVID-19, operating profit margin increased by 32.14% thanks to improved operating flow and profit structure," adding, "Operating profit and loss worsened due to foreign exchange losses caused by rapid exchange rate fluctuations."