Ssangyong C&E Reports 98% Decrease in 1Q Operating Profit

[Asia Economy Reporter Ji Yeon-jin] Ssangyong C&E announced on the 10th that its consolidated sales for the first quarter of this year reached 376.2 billion KRW, an increase of 11.8% compared to the same period last year.

During this period, operating profit decreased by 98.6% to about 400 million KRW, and net loss amounted to 15.4 billion KRW, turning to a deficit.