Quro, Annual Operating Loss of 15.7 Billion KRW Last Year... Turned to Deficit

[Asia Economy Reporter Moon Hyewon] Quro announced on the 18th that its provisional operating profit on an individual basis for the previous year turned to a loss of -15,746.71 million KRW compared to the same period last year.

During the same period, sales decreased by 35.5% to 80,528.98 million KRW. Net profit turned to a loss of -12,141.80 million KRW from a profit of 1,340.47 million KRW.

The company stated that the performance deteriorated due to a decrease in plant business orders and the setting of provisions caused by construction stoppages amid the impact of COVID-19.