CJ ENM Q4 Operating Profit 6.6 Billion KRW... 78% Decrease YoY

CJ ENM announced on the 9th that its consolidated operating profit for the fourth quarter of last year was 6.6 billion KRW, a decrease of 77.7% compared to the same period the previous year. During the same period, sales increased by 47.1% to 1.4639 trillion KRW. Net loss for the period turned to a deficit of 86.65 billion KRW.

Annual sales for last year amounted to 4.7922 trillion KRW, an increase of 34.9% compared to the previous year. Operating profit decreased by 53.7% to 137.4 billion KRW. Net loss for the period also turned to a deficit of 165.6 billion KRW.