Cafe24 Reports Operating Loss of 11.8 Billion KRW in Q1... Deficit Widens

[Asia Economy Reporter Eunmo Koo] Cafe24 announced on the 10th that its consolidated operating loss for the first quarter of this year was preliminarily estimated at 11.8 billion KRW, widening the deficit compared to 700 million KRW in the same period last year.

Sales increased by 0.7% year-on-year to 64.6 billion KRW. Net loss also increased to 11.7 billion KRW.