Yangjisa Reports Operating Loss of 1.82206 Billion KRW... Turns to Deficit

[Asia Economy Reporter Lee Gwan-ju] Yangji Corporation announced on the 4th that it recorded an operating loss of 1,822.06 million KRW for the current fiscal year based on individual financial statements, turning to a deficit compared to the previous fiscal year. Sales decreased by 9.1% to 44,398.50 million KRW.

The company explained, "Operating profit decreased due to a decline in exports caused by the impact of COVID-19, and net profit for the current period decreased compared to the previous period due to the sale of investment real estate in the previous period."