Kakao Mobility Reports Operating Loss of 12.9 Billion KRW Last Year with Revenue of 280 Billion KRW

[Asia Economy Reporter Hwang Yoon-joo] Kakao Mobility announced on the 9th that its consolidated operating loss last year was 12.9 billion KRW, a decrease of 10 billion KRW compared to the previous year. During the same period, sales increased by 167% to 280 billion KRW.

On a separate basis, operating loss decreased by 33% to 14.1 billion KRW, and sales increased by 117% to 211.2 billion KRW.

The company stated, "Despite the COVID-19 situation, we diversified our business and nearly tripled sales in 2020 compared to the previous year, while also reducing the scale of operating losses."