Daewon Hwaseong Reports Operating Loss of 2.9 Billion Won Last Year... Turns to Deficit

[Asia Economy Reporter Jang Hyowon] Daewon Chemical announced on the 21st that it recorded an operating loss of 2.97369 billion KRW on a consolidated basis last year, marking a turnaround to a deficit compared to the same period of the previous year.

During the same period, sales increased by 4.2% to 113.3 billion KRW, while net loss decreased by 22.8% to 2.7 billion KRW.

The company stated, "Operating profit and net income decreased due to the deterioration of the profit and loss structure amid the pandemic situation."